RE: Nervous Nelliescupricity,
I'm surprised you had a chat with Richard Sutcliffe and that you make no mention of the Special Meeting that ISM has demanded.
You say I am forgetting the reason you are here. I haven't forgotten anything - because I never pretended to know why you are here. Every response you make to me is defensive - you seem to think I'm attacking you for your support of URSA, or that I'm bashing URSA. I have done neither.
What I have said is that there are sometimes games played by bigger players, and that when share prices are moved as a result of these games - there are those who win and those who lose. I am referring to those that may be playing the games - not URSA or you. You don't have to respond to anything I've said with your reminders that UMJ is no exploration scam, pump and dump, etc. I have never said it was.
If I was assessing UMJ's risk/reward potential, to consider taking a position, I would be quite interested in some of the data in the NI43-101 report you quote, and the Gross Company value calculated by the site for which you have provided links. The exceedingly high Gross RI quotient that you quote, illustrates one of the major considerations in assessing this company. The reason it is so high, is that the economic study estimates current net value assuming a huge capital expenditure - capital expenditure that was not made at that date, and one that would require massive financing. I would want some indication as to the company plans to exploit the reserves you refer to.
If it is done " ...at the rate we are doing it for 50 years...", that NPV gets whittled down very significantly. That's why I've said I would be interested in what the company generates over the next couple of quarters, and what it's capital expenditure program will be. Remember, you have said the company has been operating on a shoestring. As operations produce cash, G&A expenses tend to increase (new IR employee, increases to the laughable salary levels, etc). Also, how long can the company extract at the present rate, before there is no option but significant capital costs and financing.
Asking these questions is not bashing URSA in any way. These are the things that potential investors consider. And once the volume frenzy that ISM seems to have initiated cools down, it's what the potential investor considers that determines the share price. I know you're sold on the potential of URSA, but I don't think the road to realizing that potential is quite the slam dunk you paint it to be.