new announcement, page-23

The longer it takes the better I feel - I suspect management are fighting for their lives - and we will see a significant shift in onwership and share price - all of a sudden you will have a significant resource with a new management team that can add value. Well, sorry URL management, no more droughts and surfing the web all day. Time for someone to do something. Also, it appears to me that there are several parties involved - so perhaps it is a consortium of investors / institutions that are going to use the ore to feed their mines. Roseby is a good feed - the capital required to create a new plant for Roseby makes the economics less favorable. Heck, for all I know, it could be CDU buying up URL for their monster resource holdings. I imagine it is a combo of Xstrata and one or two others. There are some high grade little pits of ore - up to 0.8% to feed into established plants - and then there are some very significant SEEP deposits yet to be firmed up by Xstrata who are doing their finest to keep it under wraps.