A couple of posters tweeked my interest in URL. Posts do matter and purchased about 1/2 the volume today. With the recent developments/changes is a good risk/reward spec imo.
Imo the main negative is the US$40m still required to fund the decline to first production and the working capital required until production becomes profitable. Finnish hard rock mines do not seem to have a great track record of profitability so still cautious.
Also have to allow for the convertible note being dilutive based on their terms of conversion.
In the old BFS cobalt was forecast to be the main revenue earner (well above copper). Now waiting with interest to see what the revised revenues and costs are.
Anyone have any idea of the cost/t to truck say 500,000t of ore for 45kms to the mill?
A couple of posters tweeked my interest in URL. Posts do matter...
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