Zinc prices are still moving up and that looks good for UXA. Problem, UXA are looking for an average 10% zinc to consider a mine at Dome 5. So far not close to target and thicknesses on drilling no better than lower anticipations.
Some delay on drilling results at DF10, DF11 and DF12. DF13 was finished drilling last Friday and DF14 is now being drilled. The rig moves on to drill DF15 in a new area about 1.5Km away - no news on any expectations at this hole and it appears to be an educated form of punt by MD Dr Russel Penney - still, Doctor zinc may get it right, hopefully.
UXA Price at posting:
2.4¢ Sentiment: None Disclosure: Held
