Robdd,Yes 20c is my long term target, more than 6 month, and I...

Robdd,

Yes 20c is my long term target, more than 6 month, and I have to hold longer as well due to the tax reasons.

I can only share my experience with you, I cannot make sure you can make profits at current entry level. Please be aware of this. anything can happen in the (world) share market, but I do see the downside for UXA is limited.

In my book, the SP is always up 15--20% after the drilling announcement issued.--No need to wait for the results.

People always trading in this way, also because the company always list some positive prospects for the tenement being drilled. So I reckon, after UXA issue the Dome5 drilling plan (commence in this month) then the SP should be up 20% to 5.2c straight away. This is why I just always ignore the boring 3.7--3.8c SP we experienced in last couple of weeks. I also cannot understand why they sell since they already know the drilling coming.

Today's ann is actually very very positive, this means we can expect the early cash flow from GAA Wireline (??GAA??) (formerly Geoscience Associates Australia Pty Ltd), a wholly owned subsidiary of UXA.

The PFN business is actually very profitable, I remember in last Annual report, UXA's revenue from GAA is $2.9 million for only 5 month. I reckon UXA can expand the revenue up to $20 million if the business is running well.

Some people of course donot agree with my prediction. However in today's ann: ??the company now has immediate access to a number of contracts in the Western United States and we are also in advanced discussions with a major North American company for extensive use of this unique technology throughout its operations and projects."

That means at least 5 or more contracts already on the way.

One major company "extensive use of this unique technology"

Will you be surprised if we can have $10 million revenue from USA? I am not at all.

So if we can make the same expanding in Aus, make another 10 million, that's already total $20 million. Plus donot forget our technology is globle unique technology---means we can get patent fees from other country as well.

Sounds to good to be true, doubt the PFN technology?

You know UXA spend $9 million for the technology.

ORM spent $50k to acquire a tenement, then its MC up from $3 million to $20 million.

MHM spent $500k for its technology, then it's MC up from $8 million to $160 million.

So the potential is huge depending on how you use it and which contract you can sign! "A major North Amercian company is amazing!" You know company like this could spend $50--100 million per year on explorations. I am not kidding.

At last, Robdd, if we can see strong cash flow from our PFN business, I am quite sure the long term SP will be much much more than 50c.

As for the REE results, U3O8 results, if the results are positive, say most of the 200 sample return high grade,, I think the SP will test 10c at least.

good luck!