Great week for UNX, someone just quietly keeps soaking up those sell orders around 40 cents, maybe one of the big holders keeping it afloat for a cap raising later to fund more drilling ? or more probably the 'smart money' just knowing that this is a winner long term.
The fact that UNX has stayed at this level when I look at the carnage else where, with everyone crowing U is out of favour, shows that UNX this is a good place to ride out this storm & accumulate if you can find some $ to do so.
Imagine how good UNX will be when things settle & all the empty heads stop running around screaming the sky is falling & that they are going to generate base load from the hot air they talk or mung bean farts they produce etc ...
It looks almost certain to me from the results so far, that the predicted 30M tonnes is a given in this U fault presently being drilled out (a fraction of the permitted area) & at a conservative $7/Tonne in ground value (conservative because it is high grade in a small area) = approx $210M / 122 shares = $1.72 per share. Unfortunately some BIG option dilution also from options that share holders voted to the directors but still a health margin from todays price of 41 cents.
Have a good weekend.
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