posted
well, so much for my idea regarding a group play. this doesn't look like it is going anywhere fast. but I will not sell at these prices.
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Unico, Inc. Reports Completion of New Building as Part of Reconstruction of the Mill and Processing Facility at the Deer Trail Mine Tuesday November 21, 8:51 am ET
A New Photo Gallery of Construction Has Been Added to the Company Website
SAN DIEGO, CA--(MARKET WIRE)--Nov 21, 2006 -- Unico, Incorporated (OTC BB:UCOI.OB - News), a natural resource company in the precious metals mining sector, today announced additional progress on reconstruction at the mill and processing facility at the Deer Trail Mine in Marysvale, Utah. A new building, which will house the thickener tanks and filtration, has been constructed adjacent to the existing mill with the assistance of FMS, Inc., brought in to speed completion of the facility. FMS, Inc., an independent New York-based construction company, was contracted to expedite completion of the mill and processing facility. Its crew arrived at the Deer Trail Mine site several weeks ago and concentrated much of its efforts on the new 50 by 100 foot building adjacent to the existing mill facility. FMS worked to complete the foundation, cement footings, the steel frame, insulation, siding, doors, roof, and all other aspects of the structure.
A new photo gallery showing the recent construction work has been added to the "Media" section Unico website at www.unicomining.com/news/othermedia.php. The pictures in the new gallery show the work completed by FMS, in conjunction with employees of Unico's wholly owned subsidiary, Deer Trail Mining Company, LLC, on the new building and the annex added to the top of the structure.
With the construction on the new building and other major buildings at the site complete, FMS concluded its work and left the Deer Trail property on November 19, 2006. Unico may contract with FMS for additional future construction work associated with its subsidiary mine properties, as needed.
"The work of FMS, Inc. was exemplary, and with its assistance, we were able to make significant progress toward the completion of construction at the Deer Trail mill and processing facility," said Mark A. Lopez, chief executive officer of Unico, Inc. "We are pleased to have this critical aspect of our reconstruction efforts completed, and we will continue to push forward on the remaining work, so that the facility will be operating as soon as possible.
"We expect to have additional information and media to share within the coming week that will provide new details on the progress at the facility and allow Unico shareholders to see additional photographs from the Deer Trail site," Mr. Lopez added.
Shareholders who would like to sign up to receive information by email directly from Unico, Inc., particularly when new press releases, SEC filings or other information is disclosed, are asked to visit the company's website at http://www.unicomining.com/IR/mailinglist.php.
About Unico, Inc.
Unico, Inc. (OTC BB:UCOI.OB - News) is a publicly traded natural resource company in the precious metals mining sector that is focused on the exploration, development and production of gold, silver, lead, zinc, and copper concentrates at its three mine properties: the Deer Trail Mine, the Bromide Basin Mine and the Silver Bell Mine. The company has recently announced agreements to acquire over 70 additional mining claims. For more information, please visit www.unicomining.com.
Forward-Looking Statements
This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and such Section 21E of the Securities Exchange Act of 1934, as amended. Such statements are subject to risks and uncertainties that could cause actual results to vary materially from those projected in the forward-looking statements. The company may experience significant fluctuations in operating results due to a number of economic, competitive and other factors. These factors could cause operation results to vary significantly from those in prior periods, and those projected in forward-looking statements. Information with respect to these factors, which could materially affect the company and its operations, are included on certain forms the company files with the Securities and Exchange Commission.
Contact: Contacts: Gemini Financial Communications for Unico, Inc. A. Beyer 951-587-8072 Email Contact http://www.unicomining.com
posted
Agreed...the last time it looked like this was the beginning of last month and it went above .01. I see it has some legs, let's see if it knows how to run. Currently at the high 'ask' of the day.
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