It's been awhile since I posted...
but this stock is trading at 1/10 of its net present value (NPV) of the project's value at this time assuming a 10% discount rate. If the gov't (Federal or State level) will be involved to help UCore, then trading at NPV at least should be a no brainer.
Of course until we see evidence of this support, a discount makes sense I suppose...but not just 1/10 of the project's value.
I'm still very long here. And I added even more recently. It seems investors have no respect for rare earths at this time and no respect for mining Venture stocks that aren't in production. This allows it to have a ridiculous low discount to where it should be trading in my opinion.
Let's hope that although things are taking longer than expected, that management will indeed come through.
Good luck to all,
x