RE: analysis of newsGood points and numbers.
Even if they end up with 8 millions tons which is near the amount that Inco found at Totten but Ursa has can do an open pit whereas Inco has to go down to the 4000 foot level.
I agree that price should be higher. What will it take, an indicated 8 million ton reserve.
Interesting, Falco had a 100% interest, now UMJ is working towards 75%, who is going to mine the stuff for the Falco smelter. Will Falco buy out UMJ.
I do not have any trouble selling out at $2.00.
The people behind umj (such as Sutcliffe) are such good honest folk and do not do b.s. promotion which is one reason why the stock price has stayed at an average level of .55 for the last year. Not much volume and a big spread on the bid and ask.
I guess one big question is what is UMJ planning to with this site.
wally