uul the hidden rare earth gem, page-3

Hi BW, UUL is currently or has conducted geophysical surveys on two of their sites, McArthur River and Pine Creek targetting a host of REE with main focus on uranium. They will identify suitable locations for drilling in this quarter to test the uranium prospectivity of the Stray Creek area.

They are doing their maiden drilling this quarter which is the reason for the tiny market cap ($5m). As I have said, a Chinese firm is likely to inject $1.2m to buy 15% of the company at 2.1c and I believe they know more than we do about the prospect of UUL. Another positive is UUL is cash backed at $4m. So the SP is well supported at current level.