Top 5 - why I am still buying UNB1 - Solid management and board of directors
2 - UNB has 3 molybdenum properties that have approximately 562MM lbs of moly based on historical work performed by Amoco, Cypress & Gulf.
3 - In my opinion UNB is undervalued by 0.17 x lbs of moly on average using AUA and BLE market caps + UNB's current 0.04 x = 0.21 x 562MM lbs of moly = $120MM market cap or $2.44 per share:
AUA - 463MM lbs of moly trading @ 0.19 x lbs = $88MM market cap
BLE - 588MM lbs of moly trading @ 0.24 x lbs = $140MM market cap
UNB - 562MM lbs of moly trading @ 0.04 x lbs = $19MM market cap
4 - UNB has a quarry in operation and is planning on milling 1,000 tons of ore per day that could generate great cash flow for many years while bigger projects are moved forward.
5 - UNB has three blue sky properties that may contain copper, gold and moly deposits:
- the first property is adjacent to and on strike with Coronado's property TSX.V : CRD where they recently hit 41% copper over 27 feet and 0.354 oz of gold per ton at 54 feet
- the second property adjoins the Madsen mine in the Red Lake area where they have pulled out over 2.45MM oz of gold.
- the third property being the Chong where it has been reported 0.5% to 3.0% of channel samples of MoS2 (20 to 40 feet wide and 1,400 feet long).
Very happy happy MoHound!!! See you on the beach soon!!