Copper price, due diligence sends Universal back to drawing board

UNIVERSAL Resources shares have been battered in morning trade after the company announced it was set to reduce the scale of any future operation at its flagship Roseby copper project in Queensland.

Copper price, due diligence sends Universal back to drawing board Copper price, due diligence sends Universal back to drawing board Copper price, due diligence sends Universal back to drawing board Copper price, due diligence sends Universal back to drawing board Copper price, due diligence sends Universal back to drawing board

Universal blamed a falling copper price for the decision to concentrate on the smaller, higher grade portions of Roseby, instead of the larger, longer life project considered in Roseby's 2006

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