Fair point, about the market cap being low considering the high cash in the bank. But the problem for UML is that their resource and reserve levels are extremely low (hand to mouth existance at both mines). (resource at Henty just doubled - but from a very low base). Production will shut down at Bendigo this year. And a poor track record for the company.
This one's well worth watching though. Someone might make a buck out of it.
Good luck.
UML Price at posting:
16.0¢ Sentiment: LT Buy Disclosure: Not Held
