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Unico, Inc. Announces Final Report on New Electrical Substation for the Deer Trail Mine 11/09/2006 09:05 SAN DIEGO, CA -- (MARKET WIRE) -- 11/09/06 -- Unico, Incorporated (OTCBB: UCOI), a natural resource company in the precious metals mining sector, today announced that electricity producer PacifiCorp (www.pacificorp.com), has completed its study of the requirements for the mill and processing facility at the Deer Trail Mine in Marysvale, Utah and has approved a plan to supply the electricity to the facility.
PacifiCorp, which operates in the state of Utah as Rocky Mountain Power, conducted the feasibility study through an agreement with Unico's wholly owned subsidiary, Deer Trail Mining Company, LLC. Rocky Mountain Power has determined that it can supply up to 2.5 megawatts of power, well beyond the estimated 1.5 megawatts needed to run the mill and processing facility. The excess power capacity would allow for future upgrades to the system to include power for mining at the Deer Trail property or other Unico claims in the area.
"The conclusions reached in this report are excellent news for Unico, as it will ensure that the Deer Trail mill and processing facility will have the power it needs to operate in the near term, and we expect that Deer Trail Mining Company, LLC will incur significantly reduced power costs as a result of the new substation," said Mark A. Lopez, chief executive officer of Unico, Inc. "Now that PacifiCorp, working in conjunction with BNA Consulting, which provides electrical consulting services to Deer Trail Mining Company, has completed its study, we anticipate that procurement and construction on the substation will proceed in a relatively short timeframe and be operational by the time the mill and processing facility is complete.
"Receiving a final report on the plan to supply electricity to the Deer Trail Mine is an important step, and we look forward to the construction of the new substation and completing the connections necessary to power the mill and processing facility," added Mr. Lopez.
Unico is engaged in reconstruction of the mill and processing facility to improve both efficiency and capacity in processing operations at the Deer Trail Mine. The design and completion of a new electrical substation at the Deer Trail Mine is expected to provide substantial cost savings, specifically as it relates to the operation of the mill and processing facility, as a result of lower energy costs and greater reliability.
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just got back...i think i will take some profit here....dilution might be back...check out EXCS i will probably move some money there....just waiting for .05 and then i will
-------------------- please dont trade stocks on my alerts, do your dd first.
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Uh oh....I guess there was a selloff while I was gone. Any thoughts on push by EOD? Could we get back to .01? Gosh I hope so. Good call Superman on selling 1/4 of your position.
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