UC Resources Ltd.

UC is an emerging producer of Gold and Silver. The Company's goal is to combine cash flow from production, along with a significant exploration upside from its mining assets. The Company is working on its long term objectives to build a mid-tier Production company with a specific focus on silver and gold development in Mexico.

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Re: PP...rof buy in

UC Resources Ltd.

almost 14 years ago

in response to goldbarron's message

Good Morning GB:

I would propose that the $600K could be well spent on more detailed VTEM surveys (etc) now that the RoF players know the signatures for various ores. We already have some fancy colours on the map that have been of interest but yielded futile results with the drill bit. I believe that the JV partners still have some influence on where the cash is spent (and now CLF is in the mix with their career Geo's) until the 55% buy in is completed. At that point I think UC has 'Operator Status' and calls the shots.

My humble opinion is that we should dump the property at the soonest and most opportune time and bulk up on cash for Mexico. My simple ciphering indicates that the 55% land privlege in McFaulds is equal or greater than today's market cap for UC.

Have a great weekend and save a turkey.

Aafab