RE: NEW Exclusive interview with @TMSreach15 Sep 2025 07:57
Forget the geophysics for a second — this is ALL about the mining rights. Once URU lands that approval in Limpopo, the whole risk profile changes overnight. You’re not talking about a punt anymore, you’re talking about a company with a 30-year licence over one of the last undeveloped nickel sulphide corridors in South Africa.
At a £2m cap it’s basically priced like they won’t get it — but if/when they do, you can rip up today’s valuation. Mining rights are the golden ticket: majors can’t touch you without them, serious JVs don’t happen without them, banks don’t even pick up the phone without them. With rights in hand, suddenly URU can attract the kind of partners and capital that turn £2m shells into £50m+ discovery stories.
The market sleeps on this because they’re blinded by “pre-drill” chat. But the real binary is simple: no rights = no project. Rights granted = game on.