Thanks for the info Scotchpipe. Couldn't make it out this year due to landing a consultant gig in Mexico.
That 4 million you mention that UC has in the "till". Well, that better be spent wisely as I feel UC will be in alot of trouble if they have to go back to the equity markets any time soon. I expected more to have been accomplished for Uc at the over 100 millin shares outstanding point.
Do you know if the 1.5 million earmarked for Mexico is all for the milling operation or does it include some drilling of their Mexico plays? Just a suggestion, but I would like to see some clear information on their plans for drilling. A power point slideshow that shows where holes have been drilled and where the future holes will be. For an example, Klondex has this on their website. Maybe Damien can take some time away from answering the phones to do this.
I also think they should stop talking about the 43-101 technical report as I have heard it mentioned numerous times but I have yet to see it completed. Put a firm date on when it will be completed! I realize resources are tight but delays do not help share price.
Can Uc afford to spend 4.5 million to earn the rest of the interest in MCFaulds? Alot of cash to spend when your share price is 25 cents.
You mention that Uc has to retrofit the mill due to some issues, could this be the reason Uc got this project at the price they paid? What will the cost be to retrofit the mill and people need to put these costs into their model when the figure out how "robust the econmics" are predicted to me.
Uc needs to be more clear on the costs involved and some clear dates as we are at 25 cents and I am sure some other investor's confidence in the compnay has to be waning.
