exactly acb, logistics/infrastructure is our hurdle to overcome and if we can, then with the high grade we already have without increasing the size, which i think is a definate possibility that we will quite easily, then umc cannot be at these bargain prices, it just doesn't make any sense to me
e.g
fms market cap - 80million
sdl - 284 million
ioh 77 million
bci - 69 million
mmx - 492 million, still undervalued i feel
ago - 532 million
jms - 53 million
and etc then UMC
UMC - 126 million,
now with the high grade of ore we have with a lot of potential to increase this substantially, we are way undervalued based on other market caps, some which are half the market cap as our don't justify that we are much larger and better grade and in a safe political country, australia.
Besides mmx and ago which are pretty good, we have massive potential, our only and annoying down fall currently, and i say currently, is infrastructure/transportation for our mine. i had over 20,000 ext shares at $1 but had to sell in the downturn we had 12-18 months ago, now ive bought back in at much higher prices because they are great, UMC reminds me of ext in the early days
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