Good to see you already made decent profits on MNM.
UXA spent $9 million to acquire the technology. Now its MC is only $12 million.
UEQ reported high grade U3O8 , plus the hot copper.
It's just 280m to our tenement, and you know our partner for this project is one of world top 500 company.
I believe the SP will break 5c straight away after UXA announce to drill Dome5 in Jan. Our partner for this project is world second largest Zinc producer--Teck.
So if the results is positive,
this project surely will be a company maker for UXA. 100% sure it will be developedby Teck, as it is only 50km to the railway.
The oncoming HREE, U3O8 results are just extra bonus for SHs. Historic result up to 13% U3O8.
It's my view UXA is undervalued. However you know if the drilling result is negative, SP can retreat further.
But today's announcement remove all of my worries for the downside.
"Ready to cooperate with MAJOR NORTH AMERCIAN COMPANY."
the only problem for UXA is not many people know this stock.
At Hotcopper, only 50--100 people know it. Otherwise the "MAJOR NORTH AMERCIAN COMPANY" will bosst SP 6c straight away.
BTW,zarrapastra I have to remind you that the MNM option holders may dump after they got 30 million new shares---I checked MNM's web, it sent mails long time ago before 31,12. If people see the issue ann fornew shares (in this week) many people could sell MNM. However, hard to tell, you know, MNM still looks very very bullish.
Good luck to you!
UXA Price at posting:
3.9¢ Sentiment: LT Buy Disclosure: Held