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0.00% 13.5¢ universal resources limited

resource announcment - npv Read the annoucnment yourself if...

  1. hots
    627 Posts.
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    09/02/04
    15:28
    Post #: 378779
    resource announcment - npv Read the annoucnment yourself if you're interested but basically substantial increase in resource size and they've calculated a rough NPV of $74 mil with an IRR of 55% and a payback period of less than 2 years. Very impressive for a company capitalised at under $10 mill.!

    The Chinese smelter company took a placement at around these prices before they'd done these calcs or expanded the rsesource size so looks pretty good value to me.

    Any thoughts?

    Cheers
    hots




    URL Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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