UML unity mining limited
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"Sector Lead - what do you mean by "Still 2 years 2- 1/2 years...

  1. Sector
    35,472 Posts.
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    14/05/15
    19:36
    Post #: 15282404
    "Sector Lead - what do you mean by "Still 2 years 2- 1/2 years of cash-flow from henry now" ?"

    They have just announced a JV on Henty for $5m drilling, and the recent Q&A exposed the fact that the new drilling will most likely extend the mine by 2 more years.

    What I liked is, the extension is ONLY for newly discovered reserves, so our current mine out until end 2015 remains all ours
    UML Price at posting: 1.7¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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