Just some ranting about valuation I will try and not be to long winded. I have, over the summer, been evaluation quite a few small cap stocks. Actually found some that are trading near $$cash in the bank. Crazy. I saw this in 08 and see a shift back into small cap soon. I've been watching UBR for a while now and feel its time for a move. They own 5 million shares of BRU....currently trading around the 0.10 range. They have $300,000 coming their way soon...after the BRU annual meeting. They will therefore have the $$$ to start the bulk sampling. But where does that leave the company currently. Cheap Cheap Cheap. With a current market cap under $2 million it makes you wonder. This stock has an excellent chance to move much higher from here. Whats wrong...lack of interest in the small cap market and lack of trust. When you really think of it, its just an opportunity. Wether someone takes advantage of this opportunity, or not, is always their choice. UBR has gold..maybe not millions of ounces, but enough to start a small and very profitable mine. Here is another great quote from the article im reading...and i really want everyone to think this one out...here it is...think about it
"In October of 2003, the TSX Venture Exchange traded at roughly the same level it does today. What is noteworthy about October 2003 is that gold traded for roughly $380 an ounce – it trades 425% higher today. In October of 2003, silver traded for about $5 an ounce – it trades 550% higher today.
In October of 2003, a barrel of oil traded for $30 – it trades roughly 200% higher today. In October 2003, Comex copper traded for $0.92 – it currently trades 300% higher. "
What are we all missing.....opportunity. I will let you think about this more. Gold is currently over $1700 and ounce..UBR should be able to pull it out for under $600. Good profit
Cheers
Please do your due diligence