RE: RE: Ursa covered in Northern MinerIMHO...this is the reason that anything URSA does will have to done at a high cost. This is from the CEO and not me....""We've demonstrated profitable production from a low-grade surfacedeposit and direct shipping operation and one of the things thatreally makes it work is the polymetalic nature of the depositwith its nickel, copper, platinum and PGM all significantcontributors to our revenues."
Guys, low grade surface ore with limited room on the road to ship more ore.
And do you think any investor in their right mind is going to bet their money on low grade ore with limited shipping capabilities that seems to be profitable because of the extra credits for PMs?
No body is my guess.
Yup...this crap is truly not undervalued anymore. And like so many years ago....the mill is being pumped as the holy grail for this open gravel pit. And if the mine is still open in three years time, they'll still be pumping a mill that is not going to happen.