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Main Forum•UCL Probably the world's cheapest Phosphate play

- Sparty
- January 13
- Permalink
As detailed in several posts UCL is Minemakers' (ASX: MAK) partner in the giant off-shore Namibian Sandpiper phosphate resource. UCL's share comes to around 830,000,000 tons (with plenty of room for upgrades to the resource size).

Today's market cap is ~$13m giving a Market cap to Resource ratio of 0.016. Cash ~$3.3m. So put simply UCL Resources Ltd has phosphate at $0.012 per ton.

Now with today's announcement (13/1/2012) of the MAK: Sandpiper Project Namibia Lodgement of EIS ad EMP things are hotting up and now could be the time to get in at what in time will be revealed (IMO) as one of the world's cheapest phosphate plays. I hold UCL
- Alite
- March 17
- Permalink
MAK made a play to takeover UCL for good reason.

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