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Ursa Major Minerals Incorporated T.UMJ



TSX:UMJ - Post by User

Ursa Major Minerals Incorporated
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Post by tickle1ston Apr 21, 2010 7:40pm
267 Views
Post# 17017361

Remember-Mining costs from RS.

Remember-Mining costs from RS.Here's the post. It looks like RS forgot to outline how much all that high grade ore..(LOS)...was costing to ship. Maybe he'll tell us the next NR.

What a steaming pile of Schhat!! this stock is. In the end, this ore is going to supply some lucky people with a paycheque and consulting fees.

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3/16/2010 10:33:20 AM | | 115 reads| Post #28031975
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Rate this:
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Thisis a response from RS that I recieved to what I thought were thepertinent questions.


UMJ insiders holdapprox. 15% of the stock.
I am planning an update on mining costs within thenext 4 weeks once.
This is a polymetallic deposit and nickel is approx.54% of revenue, however, our cash flow sensitivity shows breakeven cashflow at approximately $7.00/lb Ni and $2.50/lb Cu.
Ore is crushed to -5”on site and trucked in 40 tonne loads by highway trucks to the Xstratamill.
Currentselling is coming from impatient shareholders that bought in at higherprices and now have liquidity.

I trust the foregoing meets your purposes. Pleasecontact me if you have further questions.
Regards,
Richard Sutcliffe
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