Oh, by the way, where are they going to mill that stuff if they ever dig it out of the ground?
I doubt thatat Crested/USEG is going to let them use the Sweetwater mill and if they did the thing only has a capacity of 4000tpd - probably a lot less until if and when they ever get the mill back in operation.
I doubt that they would let an outsider get first call on the mill capacity either. So no tolling.
(By the way, I used to quite a few shares in USEG and don't anymore......)
So how much would it cost to build a new mill and how many years would it take?
Without those answers, IMO you got squat.
If you want a real company with real assets look at Northern Orion (NTO).
BLR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held