twenty million tonnes of high grade iron ore, page-26

gobsmacked to return to the screen today to find such a great announcement and a selldown afterwards ... but also a little relieved. I let 10000 umcos go this morning at 1.09 to buy some more btv before the inevitable re-rating there ... on past form that should have meant umco run to $2. any strength in wider market and UMC is heading to $2 for the undervalued play it has now proven to be -- notwithstanding my sale which is all about diversifying my profits a bit into some other undervalued miners.