kwaidan,
IMO, only move UMC will make corporately is a spin-off of BA, and that is subject to all the moons aligning.
BA is gonna need 25% of the cost of a refinery $5b, so I am thinking it makes more sense to raise the capital for this, outside of diluting the UMC shareholders equity in the Fe.
I PRAY MATT decides to look at setting up an infrastructure play for the rail spur. Best way IMO