RE: Grades too good to ignoreI agree these grades are too good to be ignored. 100 feet averaging 0.371% MoS2 and who knows how much deeper they could go with good grades. That's more than 400% better than AUA who have a mere estimated Ore grade first 5 years: 0.084% Mo.
The big difference I note is AUA estimates Average Operating Cost (first 5 years) $5.87 US/lb Mo. Beyond my knowledge as to how their cost could be so much lower than UNB. I believe their mine is in the mountains, is'nt it? That would drive up costs.
The market reaction wasn't good and I'm wondering if an institution wasn't shorting on every up tick to protect 500,000 shares they shorted earlier at a higher price in April. The public should be getting in big time, maybe a little slow to catch the news. When they do catch on the shorts will go up in smoke. JMHO
TA