If there is any more gold to be found.
If they actually find it.
If it's economical to mine.
If they have the capital available to access a new ore body
Maybe they can delay the mine closure (for a while)
I wouldn't be gambling much money on that slim chance. It's a stretch of the imagination to call Henty a high grade mine.
Are you really suggesting we should mine bismuth because of a miracle breakthrough in battery technology that hasn't happened yet? Why not just invest in the battery technology if you're a believer? That's sort of like suggesting an investment in a syringe manufacturer because a research team is on the verge of curing caner.
Regarding the drill results - when was the last time results were this late because they were excellent? No news is bad news imho.
Chances are these guys will sell whatever assets they can about the same time Henty closes down to maximise their cash at bank. Then they'll be looking for a new investment followed by a capital raising. It's just a question of what they do next - either a)new exploration opportunity, b)bio-tech, c)IT sector
UML Price at posting:
0.9¢ Sentiment: Sell Disclosure: Held