The current share price of UTR is certainly comparable to that of a mining exploration company, but there are SUBTLE differences.
Mining exploration companies are very long term investments with very high risk. The world politics and technology can change the demand for material radically between the start of the exploration and all the final approvals and setup for mining production. That’s assuming they can find enough resources in their proposed mining location. All this is very costly and will if at all take a very long time till receiving any income.
UTR is currently in the process of commercialisation of its IP in an area of future extreme major growth, already with 2 contracts, one of which has its own factory for production, and a few other very prospective associations. It is very hard to believe they are trading in a similar price bracket with the timelines towards income are so radically different.
All IMHO DYOR
UTR Price at posting:
1.7¢ Sentiment: Buy Disclosure: Held
