sorry to bring up old annauncemments but this one is a cracker...

sorry to bring up old annauncemments but this one is a cracker !!! ...and it's still valid today...except:for being 1.5 YEAR LATE !!!...everything else is valid...or hasn't been proven wrong or untrue!!!
BBY Limited
ABN 80 006 707 777 Participating organisation of Australian Stock Exchange Limited Regulated by the Securities and Futures Authority
Melbourne Sydney London Internet

Universal Resources Limited
Roseby Project - positive metallurgical test work results
URL $0.16
Buy
12 August 2005
ALL ORDINARIES
6 April 2005 XAO John Veldhuizen

We maintain our BUY recommendation and A$0.42/share
valuation following the release of positive metallurgical
testwork results for the Roseby project. Key highlights
show that (i) Little Eva sulphide ore copper recoveries of
98% were not impacted ...bla bla bla...

�� Opex – should be low due favourable ore characteristics.
Key dates ahead
�� Sep.’05 - resource delineation drilling to be completed.
�� Sep.’05 – preliminary opex estimates to be released.
�� Sep.’05 – Lycopodiumto release preliminaryCAPEX estimate.
�� Sep.’05 – Xstrata to commence exploration drilling.
�� Nov.’05 - Environ. Impact Statement - EPAreport completion.
�� Dec.’05. – technical feasibility study completion.
�� Mar.’06. – completion of feasibility study.
�� Jun.’06 - Construction commencement.
�� Mar.’07. Mining start. Processing plant commissioning.
Our view on URL – significant upside from:
�� Undervalued – valuation $0.42/sh vs share price $0.15/sh.
�� Resource expansions - from current drilling program.
�� New discoveries - from a series of key targets.
�� Xstrata - may provide capital and accelerate growth.
�� Emerging producer status-set to attract new investors.
�� Oxides/sulphides – may be blended to reduce costs.


still...huge upside,don't you think?
he he he he he he !!!
well we are trading against the trend (us and ABY) for SOME reason !!!
i just can't believe that they still have it on an company's home page... as if they are proud of it !