I echo those sentiments defab and am wondering if this recent...

I echo those sentiments defab and am wondering if this recent silence by UCL is an indication that things may be going on beyhind the scenes that may deliver on this.

So lets dream what this could all be worth - If it was orginally going to cost 25c/lb cash costs to produce at medhiabad, then I reckon lab0ur cost may have gone up 20% (not much lab0ur competition in Medhiabad I reckon, except for the geos and managementwho can relocate), fuel costs may have nearly doubled, water and other site costs won't have changed much, mechanical and maint costs should go up by say double - anyway overall I reckon we have gone up to 40c/lb cash costs. Therefore cash margin has increased from 25c to $1.00 per lb - ie a 400% increase.

Capital costs will obviously have increased as demand for capital equipment globally has gone up.

More than offsetting that are the resource upgrades that have come through so I reckon we are looking at a project NPV somewhere in the region of A$10BN at current zinc prices. Now wouldn't that be nice ;-)

Mkt cap of $70m you say....

ahh well - no ones going to value the project on current prices but its always nice to dream.

Cheers
Zinc