URL 0.00% 13.5¢ universal resources limited

Ann: Quarterly Report - June 2010 , page-11

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  1. 103 Posts.
    They cant make a high enough grade Ni/Co concentrate for it to be sold to a conventional smelter. They tried to buy a roaster and roast/refine the Ni/Co conc themselves but the capital cost was too high. They will stockpile conc. until they have a process for it. So at some future time could be a real bonanza. Copper on its own is a bit low grade but because they already have a Mill start-up capital is low, Fins are extremely efficient miners so the project will probably be OK.
    Fall back is to mine Little Eva Sulphide ore and ship to Ernest Henry but this detracts from the over all Roseby project.
    This company is very undervalued, and one day the market will see this, but I have been waiting a very long time.

    Ardrock
 
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Currently unlisted public company.

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