URL 0.00% 13.5¢ universal resources limited

This is a very misunderstood stock and they would probably do...

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  1. 6,757 Posts.
    This is a very misunderstood stock and they would probably do better to stop talking about the imminent development of Roseby and focus on exploration potential imo. Roseby (so far) is a native copper zone overlaying sulphides - much like CDU, though without extensive testing of the sulphide zone. They've only drilled 20 holes into it and all the successful ones terminated in mineralization. There is CDU-like potential here if they give up trying to start a mine and focus on exploration and CUO-like potential otherwise. Might help if Xstrata picked up the pace on the SEEP area too - perhaps they are playing games.

    http://www.universalresources.com.au/reports/BrokerPresentationJune2009.pdf
 
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Currently unlisted public company.

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