defabster, I would agree with you later down the track a consolidation may be required, but for the time being UCL will concentrate on getting the BFS completed. Financing can be arranged in different ways, either throught JV/offtakes as we are starting to see with some of the new project coming on board. CUO have nearly 2b shares on issue and mkt cap of $80m +, nearly three times UCL and their sp has gone up nearly 3 folds in the past 12 months. So if UCL BFS is accepted by the market then a re-rating to 20c plus is realistic imo - but this is only my opinion.
UCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
