UCL 0.00% 30.0¢ ucl resources limited

re: how come it took them so long and still havent To prove the...

  1. 390 Posts.
    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.
 
watchlist Created with Sketch. Add UCL (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.