UMC united minerals corporation nl

notice received nc, page-72

  1. 2,194 Posts.
    haemitite, I think MM have shown that a quick drilling capaign is more then warranted and it appears this is exactly what they are impementing.
    DD drilling 3rd week of Jan to continue on until main rc rig arrives April for approx 3 months continuous drilling that hopefully will get us a jorc 3rd qtr next year.
    30-50% price increase seems to be factored in by most analysts now.
    Indication from MM were mine gate sales is the preference. As you say lot less effort required to generate early cash flow.
    Not sure how this would change if the discovery turns out to be north of 100-200Mt.
    What are your thoughts on possibilities if we are looking at a substantial discovery??
 
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