RE: Well, what is the undervalued URSA worth now?I have held shares in this company for quite some time now. I purchased my shares back in the early days when they were worth something. I attended the public information sessions held in the local community where R.S. and his high paid consultants sold me and many other local folks on his 4,500 T/P/D open pit mine / mill. Remember the one that was supposed to create 150 jobs.
I have been patient and given this company a lot of time. I really don’t expect to re-coup anything.
In my opinion Tickle1st’s assessment of management is 100% correct.
The strip ratio in this pit is 5-1 (Feasibility Study) and there is a really good chance that the overburden is acid generating. Once the waste rock is encountered and if it is acid generating, they will have to construct of a proper facility to deal with the rock. This will cost a lot of money.
Tickle1st, I agree that once overburden is encountered it won't be pretty, I think they will give up.