if umc is at $2.50 by june i reckon I can find $40k or so to convert .... at the moment in in here for the leverage; could well convert early given the right circumstances ..... this is also a plus for umc as mid next year looms ... cash will flow in for oppies, all the more incentive for them to be going gangbusters on the drill bit.
estimate of tonnages and agm, page-27
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