To be fair, they are doing a lot, and trying to do it in a cost effective way. Most of their expenses are related to exploration costs, not admin and salaries. I can show one explorer that spends 90% of their cost on salaries and admin, which is not a good look.
There are some pretty amazing grades there, and some of the mines close but show there is huge potential. This is exploration though, it’s always risky. But if it comes off, this could do something spectacular, which is why Sprott are there.
Ann: September 2022 Quarterly Activities & Cashflow Reports, page-17
Add USL (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $87.28M | |||
| Open | High | Low | Value | Volume |
| 21.0¢ | 21.0¢ | 20.0¢ | $398.4K | 1.950M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 118249 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 29895 | 2 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| USL (ASX) Chart |