right you are!
Posted by: texas ripper Date: Monday, August 17, 2009 8:06:40 PM
In reply to: SPARK who wrote msg# 521 Post # of 1389
based on the conversation i had with the company this afternoon we are in for a whole lot more nice days! First off I learned that Brian Tobin was responsible for the 270 million dollar deal between the Chinese and Consolidated! Nice to have a guy that on board! (virtually guarantees financing)
The 2nd thing we talked about was the size of the deposit. The minimum is 200 million tonnes, but that is based on 12 kilometers long by 50 meters wide by 150 meters deep. We already know that this deposit is 18 Kilometers wide, it is open to depth at 150 meters (it could go much, much deeper) and 50 meters is the minimum depth, not the average. It some spots its 100 meters, some 200, some more! So by the time the entire deposit is calculated we will likely find that 200 million tons is just the starting point. I also believe that the grade% was estimated quite conservatively as well and results so far are coming back better than previously estimated.
I asked the company what as a shareholder could we look forward to in the near future. The first thing mentioned was TSX.V uplist. They are shooting for Tier One and should be completed this fall.
The 2nd thing mentioned was NI43-101 compliance report is scheduled to come out soon, shooting for the end of September.
I asked about the possibility of JV's and other agreements and was told that they have a few tire kickers right now. I feel with Brian Tobin on board they will have their pick.
There is additional news coverage coming out soon as well. All in all, there are many things to be excited about with URST in the short, mid, and long term future.
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