Great post Sydney . Thought this topic was deserving of its own...

Great post Sydney . Thought this topic was deserving of its own thread. It has been mentioned briefly before but needs to be fleshed out IMO to fully understand the significance.

The more I think about it, the more I come to the opinion that UXA is at a comparable stage to where MHM was prior to results from its Aluminium slag treatment became more widely known.

Both companies have a technology side to the business which in MHM's case, now outweighs the mineral exploration side in importance.

In each case, the technology is exclusive to the company involved and has no peer in their respective industries.

UXA is close to confirming a contract with a Uranium major to handle their North American logging requirements using their exclusive technology. MHM started off with Aloca in Australia effectively trialling their technology and is now in negotiations with Aloca internationally to replicate their treatment success.

MHM SP started to take off when revenues for slag treatment were being generated at the MONTHLY rate of $500-$600K (July and Aug 2010) for an undiluted market cap at that time of $21 million).

Whilst I don't think revenue from the logging business will be in the same ratios to market cap as MHM, I believe in the next quarter or two, we will see the impact of revenue on the SP once ground access cut off during the rains and floods is restored for logging services and the contract with the Uranium major is locked away.

In addition, I think the exploration package which UXA has is more significant than that of MHM. Look at the Nabarlek tenaments with J/V partner Reliance (I wouldn't think they are invovled just for the heck of it) which has returned great results so far and the very promising Dome 5 project near Broken Hill.

BTW I didn't get onto MHM when it started to take off but wish I did. I initially invested in UXA hoping for a quick scalp being drawn in by the spike a month or so ago but due to the pullback, have been forced to re-evaluate my position and do some more research. I am pleasantly surprised by what I have found and will be adding to my position on further weakness. For me, UXA has the potential to be a mini MHM.