What UEQ needs imo is a deposit that is already substantially drilled out.
Whether it is Mulga Rock or the Angela/Pamela deposits it is clear that while UEQ have investment in processing technology covered, as well as a large number of early stage potential discoveries they need something in the middle that they can develop while the other newer discoveries are being drilled out.
I read the Mulga Rock case last night and am not holding my breath on getting a favourable result there; of course it is possible but probably unlikely, well worth a try in any case given the reward if UEQ win.
Apparently the Angela/Pamela tenements will be awarded in early 08. If UEQ were to get these she would turn into a multi-bagger overnight imo.
it appears we may be onto something, page-3
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13.0¢ |
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Mkt cap ! $57.41M | |||
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| DEV (ASX) Chart |