Ursa Major Minerals Incorporated T.UMJ

Tickle, tickle, tickle. Part2

[KerBer]

Since Jan/07 to today (and I might have missed some revenue) URSA piz.z.ed away $18,466,971. I would never have thought that they would have had to borrow money to get the mine up and running.

Once again, tickle attempts to malign Richard Sutcliffe with a personal attack that insinuates that money has been mis-spent at Ursa. Let's see what has happened at Ursa over the past 3 1/4 years to justify the spending. For one thing, Ursa spent approx. $3 million investing in Patricia Mining ( something tickle did not object to at the time ). They also had a share buy back program to support the stock and keep the float low. Both these decisions proved to be poor decisions ( hindsight is a wonderful thing ) but not too many people saw the collapse in the metals market .

I have been to the Shakespeare mine and was very impressed. In the past 3 1/4 years, a road into the mine has been constructed. A sedimentation pond ( award winning ) has been built along with drainage. A weigh scale has been bought and installed. An area has been cleared to build a mill. A contractor was hired to ship ore to Xstrata and a crusher was bought to cruch ore before shipping. Ore has had to be extracted and crushed. Drilling has been ongoing at Shakespeare, Nickel Offsets, Shinning Tree and the old Worthing Bell site. Claims have been staked at Seagull and Disraeli. Ursa has appeared at several mining shows to promote the company. All these things cost money! I am not happy with the consulting fees we pay RS and Chris Chadder but most junior companies pay these consulting fees as a matter of course. Ursa is no different. If nickel had stayed around $11-$12 lb, we would all be laughing to the bank. I would bet a dollar to a dime that tickle has sold his position in Ursa and now is looking for someone to blame for his investment decisions. Asking questions is a good thing and Ursa investors should call or e-mail management on a regular basis to keep their feet to the fire. Tickle, why don't you just post your costs estimates on the board?

[tickle1st]

Kerbroke..you are reading my posts....you sly old dog you.....Finally...the best advice anyone that invests in this dog should follow and posted by one that has not followed his own advice " Asking questions is a good thing and Ursa investors should call ore-mail management on a regular basis to keep their feet to the fire."You're beautiful...just beautiful.My estimates on costs

[fullhouse101]

Hey Tickle, Remember this article?? fro 2007??? It is funny to re read it but it also puts things into focus. Now you can really bash as you accumulate. Cheers, https://firstcanadiansecurities.com/pdf/Ursa.pdf FH

[tickle1st]

Fullhouse...I give you credit for digging this up and yes I have seen it before. But you have to understand that the reports maybe unbiased but I doubt they do reports for free. I met Ron at the Shakespeare mine site and maybe at a couple of AGMS.Remember, Mineralfields did a lot of flow through with URSA so you can draw your own conclusions about what the agenda.This is from the Mineralfields

[fullhouse101]

Yes Tickle, it was a paid article. Moody's get paid to put rate credit too. The article was fun to read and clearly shows how undervalued RS's company is. Perhaps the poster that asked why use Xstrata might now have an answer as well. All you have to do is ask. Richard will talk to you and answer questions, as we did. He is known to surround himself by people with excellent knowledge and

[wardonrules]

Who would give the dog a 2.5 million credit facility at low interest? Bash away.

[odzie]

   There are companies out there with nothing more than moose pasture to there name that are worth more than this. At least we have revenues of around 25 million with profits of 4 million or so coming with a smelting contract with Xstrata which is one of the largest  mining companies in the world to go along with an exploration program in the Sudbury area which