URL 0.00% 13.5¢ universal resources limited

pfs says we will have a copper mine

  1. 4,744 Posts.
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    I actually think it was a very positive pfs.

    Despite no capital cost figures (as you would expect in a pre-feasibility???) it is very upbeat and shows the direction of cost reductions and production processes that will enable a profitable mine

    It will be interesting to see how desparate CUO and Xstrata are it keep this land for themselves. The minerals would certainly compliment and expand CUO's mine while Xstrata bought forward their SEEP exploration (not needed until 2012) in order to keep their interest going.

    Anyway - it will be interesting to see if the market are willing to trust management on this one.
 
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