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Ursa Major Minerals Incorporated T.UMJ



TSX:UMJ - Post by User

Post by KerBeron Feb 01, 2011 11:14pm
330 Views
Post# 18059549

New quarter begins today.

New quarter begins today.Last quarter, Ursa had gross revenue of $7,271,000. We will beat that in Q4 but Q1, 2011 should be the best quarter ever, even with half loads in effect starting sometime in March. Based on Q3 production numbers, for a full 3 months, at today's prices, Ursa should earn $13 million. Deduct approx. 15% for the restricted loads, and you still come out with approx. $11 million in gross earnings. Not bad for a company trading at .17 cents a share.

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