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UML unity mining limited

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they wont need to raise 60mil for starters they have spent about...

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Gymjunky

4,949 Posts.

1309

27/06/15

14:22

Post #: 15541434
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Originally posted by tooli ↑

They need $70m to develope Dagues Reef mine.Say they need to raise $60m at $0.20 per share, thats 3 billion shares which means the company has about 4.3 billion shares on offer.A total basket case ,a company that is designed for director and management benefits leaving shareholders with SFA.Good luck.
They quotye a cash cost of $800 for underground Dagues Reef what is the true AISC for a mine like this with a very limited mine life.Do the sums,do a Google search on cost of underground gold mines in Australia,thgis is a major fiddle.

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they wont need to raise 60mil for starters they have spent about 20mil already on it they will have about 15 to 20 mil in the bank so your numbers are wrong.

UML Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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they wont need to raise 60mil for starters they have spent about...

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