re: how come it took them so long and still havent
To prove the resource and get to BFS it takes many years and UCL have spent the last 3 years doing this. If you look at other companies like EQN, IRN, they are still not in production. BGF will start production around June 06 after spending 13 years + to analyse historical data sheets, prove resource, commissioning etc. Unfortunately, there is a long lead time to get a mine into production, which is a fact of life.
UCL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held