Thanks but the risk is that the gold deposit is bunk. Ignore the gold price, watch what the company does. How many people in the silver miners on the ASX have been screwed totally yet the threads are filled with silver articles and predictions of $60 silver (check ccu, ayn).
In AUD gold price has done nothing for the last 5 years. All I can say is the gold miners on the ASX are pretty bad, always over running costs, under producing and giving nothing to shareholders. There really is no excuse for any gold miner not be making good profits when gold is $1500+.
Anyway, UML is a good buy at these level, I am going to add, just wish it wasn't was risky, but 50k vs 100k PA at the same mk cap is not bad anyway.
UML Price at posting:
9.4¢ Sentiment: LT Buy Disclosure: Held
