Lots of excellent stuff put out by UXA Resources BUT in the end it all boils down to results and success at drilling.
In the next half year report we will indeed be able to see if UXA have made a good profit at GAA Wireline and whether the cost of the USA new logging truck was taken into account. A positive cash flow business sounds ok but results are very much needed.
On the uranium front UXA need a good find at Nabarlek North in this poor environment for the uranium price. A low cost mine is needed in the region of $30 - $35 per lb.
Dome 5 for zinc, lead and silver. If this fails completely as a possible mine it looks as if the market has factored that in at 1.3c a share. If it came up trumps as a low cost mine then great -- but how can it, any ideas ?
On next for copper and gold. The idea is great and I wont question it as I know little about it so far.
UXA Price at posting:
1.2¢ Sentiment: None Disclosure: Held
