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Ucore Rare Metals Inc. V.UCU

Alternate Symbol(s):  UURAF

Ucore is focused on rare and critical-metal resources, extraction, beneficiation, and separation technologies with the potential for production, growth, and scalability. Ucore's vision and plan is to become a leading advanced technology company, providing best-in-class metal separation products and services to the mining and mineral extraction industry.


TSXV:UCU - Post by User

Bullboard Posts
Comment by Lurker11on Feb 07, 2015 11:33am
83 Views
Post# 23406944

RE:basic knowledge of RE mining

RE:basic knowledge of RE miningagain, good summary Lid. Makes complete sense that even the Dumbinator should be able to understand. For a surface mine all you need is a large excavator and a large truck to get the material from the excavation to the mine process so high volume is easily achievable which is critical for a low grade mine. However for a low grade underground mine volume is very difficult and much more expensive because of the process of having to get small transport vehicles (rubber tire or rail) to and from the excavation face up to the ground surface through a narrow tunnel. And of course the cost to maintain the tunnel for the safety of the workers as the excavation gets deeper and deeper. Very good education for these Ucore investors and potential investors. Sounds like a classic pump and dump to me. Just a question of when the bottom falls out.
Bullboard Posts