Graphite, how does this change the game For anyone that took the time to look at the new graphite property this is what they may have found. An amazing property only an hour and a half drive from Ottawa. Should bring a nice extra value to UBR shares as the property was picked up for an very resonalble price. Most infrastructure is readily available. Open pit to start, very inexspensive. A large demand for graphite from the car industry for electric vehicles and the restrictions China has put on exports has driven the price of graphite to new highs. A reserve of over 500,000 tons grading at 10% graphite that is currently open at depth. A mill right on the property beside the old mine that only needs to be refurbished and repermited, the mill was closed in 1991. It use to process over 90,000 tons a year and was only running seasonally. The best part is the seller. The seller now has a large position in the company. A small cash payment was made and the ballance in shares. The seller has worked with the company before and from what i understand is probably is going to be on the board soon. When i spoke to Patrick about the graphite property he explained to me that he truely felt the property would bring real value to shareholders....being that he is a large shareholder himself i felt assured that he spoke the truth. He also reassured me that the Beauce project was proceeding and that the permitting was close. So how does this graphite property change the game? The property looks like it could be stand alone with a simple amount of work. I'm thinking that is would make a nice spin off into production. I personally want i piece of that. So now you have a choice. For a very resonalble price per share of 0.035 you can own a part of a company that not only has gold production in its near future but also a nice hedge on graphite. Its not going to take a lot of $$ to prove up more tones on the graphite property and very easily within the next year the Beauce project could be making $$$ for UBR. Your other choice is not to buy and watch what happens. Some people i've spoken with brought up the amount of outstanding shares. But the investor must look at market cap. UBR only has a market cap of 5.4 million. Im not going to speculate what i think the market cap should be, but i feel it should be worth more than 5.4 milllion. Go to the website and review the website and review the graphite property. https://www.uragold.com/Asbury.php compare it to the results of othe companies....look at the % difference and try to understand the potential of the new property.
Cheers
please do your due diligence.