I'm more comfortable with AIM Resources than this one for the following reasons (my opinion and by no means down ramping UCL as it has heaps of potential):
1. UCL = 38% of US$1,000m NPV = US$380m NPV 2. AIM = 100% of US$280m NPV = US$280m NPV (my back of the envelope calc) 3. UCL = Mkt Cap of $57m 4. AIM = Mkt Cap of $27m 5. UCL = Iran = too close to Iraq for my liking 6. AIM = Burkina Faso = politically reasonably stable area
The great thing about AIM is development cost and time will be a great deal less than UCL. UCL is a HUGE project and it'll definitely take a major to come in and assist at some stage I would have thought. AIM on the other hand as I've alluded to before, will be able to develop Perkoa on a shoe string and that is the key to success in Western Africa I think... low key, low impact. Anyway, UCL is undervalued... no doubt about that... but AIM - fricken crazy trading where it is
AIM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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