UC Hub Group Inc.(fka UCHB)

[liketotravel]

"UCHUB donates some gems to charity. That would obviously mean there is some production."

Obviously you missed this from from UCHB'S June 23, 2010 blog (below) about the fact that they "BOUGHT" sapphires from others in the area, NOT UCHB PRODUCTION!

http://www.uchub.blogspot.com/

"The Company has bought certain production of sapphires from the Missouri River (El Dorado Bar) area and now has over 10,000 carats as of this date to kick start our efforts so we do not lose time. We have been given a price list that shows $600 per carat as wholesale pricing of good stones (AA and AAA) one carat or larger. The Company then paid an expert to grade and separate out the non-cuttables and divide these sapphires into various carat divisions from less than one carat up to 12 carats."

Also this from UCHB'S April 30, 2010 10-Q.

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7311855

INVESTING ACTIVITIES Gem Stones (30,000)

So it looks like they bought $30,000 worth of rough gems.