I posed this on another forum, I am sick to death of the doom...

I posed this on another forum, I am sick to death of the doom sayers about this stock. Yes, management are frustrating, but the fundamentals are significant and this will rule long term
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URL has significant millions of tonnes to mine - a mine life of at least 9 + years putting through 5MTPA - so perhaps not super profitable upfront, but a long life production which adds value and profitability.

Have you read the 2008 Annual Report?

In the report, on page 7 - it notes the NPV/IRR Table - only 3 of the proven reserves are used for the project. There are another 7 deposits which hold significant further reserves. The table was done at a forecast of 2.00 per pound copper price and a whopping 190million in CAPEX! Despite this, we have an IRR of 37%. Throw in the remaining 7 mines, drop the CAPEX a bit and you have a big project. The instos are no fools, they employe super brains who can crush the numbers

The CAPEX costs will reduce significantly with several of the key inputs making up the CAPEX due to a slide in iron ore prices, Sulfuric acid and the likes. I want to see re-cut CAPEX figures based on the new estimates. CUO and PNA and others - built there plants when the CAPEX inputs were expensive.

If you want high grade, then you have Little Eva, Bedford and Lady Clare - these 3 sits hold over 35 Million Tonnes at over 0.8 Grade. So if you want the little mines like Lady Annie type style, these guys can accommodate this.

What is of most concern to me, is that you had no idea about SEEP? Are you aware that the SEEP reserves could be twice as much as the current proven resources! In addition, again, you have no idea about the Uranium deposits which are significant. I have been following this for 3 years, read every report and sent many an email to management in the past. Your ignorant posts frustrate me. No hard feelings, I am not trying to belittle or be arrogant, I am just very passionate about this stock