Ninie_45, Whilst not a shareholder of MAK, it would be wrong to compare to this company. MAK purchased a known resource of phosphate. This resource was available for $250,000 so it turned out a great company maker. URM only has ground near a company that has a resource, so there is a vast difference. Rock chips do not make a resource! A genuine phosphate company would peg a known resource after researching mining records as several companies have done (refer NT or QLD mining information). I even had a copy of a CD outlining phosphate deposits in the Georgina Basin months before URM even started looking for phosphate. In hindsight I should have pegged some ground as well. Who knows what will be found on URM ground when they eventually get around to drilling it. Regards Buffett
URM Price at posting:
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