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Ursa Major Minerals Incorporated T.UMJ



TSX:UMJ - Post by User

Comment by KerBeron Jul 07, 2011 10:07am
163 Views
Post# 18805610

RE: RE: RE: RE: RE: Prioritities

RE: RE: RE: RE: RE: PriorititiesI think the first priority has to be to conclude a milling agreement with Xstrata.

After that, a review of our exploration properties. What do we do with Shinning Tree? Nickel Offsets has some promise but we need to be more aggressive in drilling. Releasing drilling results once or twice a year will not garner much investor interest. The Fox Mountain drilling results were interesting but if we don't hear about that property for another year, most investors will be clueless about the previous drilling. What about the Kores alliance? They have a seat at the board but we never seem to get anything done with them. I think the management has to become much more focused on exploration. We are one of the few exploration companies that can fund exploration, lets use our strength and explore.

The chance of a mill being built on site are remote at best. With a market cap of $12 million, how can we afford a $140 million ( at least ) mill?
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