Hello all
I just got home from a very big night out and have just gone to kitco to have a look at the zinc price. Its now at $1.54!!!
I cannot believe UCL is languishing at 7c, a market cap of a poultry $60 million when the NPV of the zinc project is now over $6 billion. Production will be less than 2 years away now. Mind you that does not include any resource upgrades from last year or their silver or lead resources
Note: Nothing will stop this zinc project going ahead. UCL have an excellent working relationship with the Iranian government. It is regarded worldwide as the second biggest zinc project one it gets underway: bigger than century mine owned by xinifex. The current share price is a disgrace and I will be accumulating big time on Monday. I already have a load of UCL and UCLOB.
UCL is the most undervalued stock on the ASX and I challenge anyone to differ
Cheers
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