Ursa Major Minerals Incorporated T.UMJ

Trading much lower that cash

[Leikon]

How much cash does UMJ have?

Is it the $5,000,000+/- mentioned in the (not entirely transparent) financials?

If it is, then there's about $0.13/share in cash.

It's incredible the share price is so low.
And now with the suspension of "preproduction", who knows how low this will go.

I would have hoped that RS had stated UMJ's cash position in this afternoon's NR so as not to scare away even more investors.
Add to UMJ's cash position the monetized value of PAT and Nyah (I realize the share prices of these are really down), and UMJ must be trading at a fraction of the value of its cash and investments, even if the properties are given zero value.

[tickle1st]

LiekenHere's the thing.URSA has been buying URSA stock back and sinking money into Pat. We've been shipping ore from Shakespeare at the rate of about a 1000 tonnes per day maybe since sometime in June. But, we are probably selling those minerals, the copper/nickel after it has been processed.i suspect we won't know what we'll be getting for the ore until the nickel copper have been