UCL ucl resources limited
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estimate of p205 shallower than 225m

  1. nobullnotOzzie
    819 Posts.
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    03/05/09
    23:44
    Post #: 5085216
    One of many reasons why our market cap might be only a fifth of MAK's is the size of our resource that is recoverable using technology that will work tomorrow for sure is much smaller than MAK's. Below is my estimate. Hopefully it would be big enough to pay for the costs involved of coming up with a robust engineering solution to access the resource that is currently inaccessible due to the 225m depth limit.



    UCL Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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