i dont think there is any doubt that when umc pops to $3+ that...

i dont think there is any doubt that when umc pops to $3+ that the possibility of it being raided will come onto the agenda. THX by that time should be back to .70ish and then add a premium for someone wishing to buy 20m umc .... yeah its looking good for $1 in my view. and in pretty short time frame for mine ... copernicus should be producing by september .. so that's another big cash injection to a company that's already holding a lot of cash ... lot of talk of thx just being a cash box ... yeah it has cash, but its also going to be a producer with exploration upside and with the U spot price looking like recovering, you;d have to think their U tenaments are ripe for either a spin out and equity return to shareholders/or production in medium term ... lots of options for thx to maximise s.h value.

as always dyor, cos my analysis is usually wrong and suits my circumstances.