Response to zeta9's post: A "miracle" could also take the form...

Response to zeta9's post: A "miracle" could also take the form of a "wildcard" event that catches Xstrata "off guard" during these turbulent times.

There are other big miners out there (whose VISION also extends beyond the year ahead) that would be happy to "snap" up URL's proved Roseby assets (even just the unencumbered 49%) and be VERY HAPPY to sit back while Xstrata has to spend up BIG proving up the indicative rich SEEP resource to secure their 51% earn-in and then [Xstrata] have to fork out a bundle of cash based on copper futures prices that will be high - partly driven by [pun intended] demand arising from the transition to electric/hybrid cars over the next five years or so.

Aside from RCP and other largely unexplored and highly prospective copper deposits in URL's Mt Isa tenements, there is also the URANIUM deposits which down the track are going to be worth "oodles" as the world moves slowly towards more nuclear energy power generation to satisfy energy demand and to slow down/reduce carbon emissions.

However, its plain that with the market at ridiculous prices at present that there is lots of "low hanging fruit" out there to choose from right now.

URL Board: Get READY TO GO!