trading pattern, page-33

Dani
The best ore body in MAC has a certain amount of low grade Fe. It comes down to what spread you have of all three grades - low, medium and high.

Imo and as you have seen from my own calculations, UMC is well on target to proving up 100Mt of DSO Marra Mamba in Railway alone.

freo
I don't think the analysts who work for the instos and broker houses are worried about the discrepancy of visuals from a few holes.

They base their calculations on the assay results and the potential of the Railway prospect. Indeed, UMC's entire Pilbara projects.

The most important observation from the last assay report is that we now know that the target area is around 1.8 sq klms. I've seen heaps of reports of other iron ore bodies with a strike width of around 150m. If Railway was 150m wide, it would have a strike length of 12 klms.

What ppl should be happy with is the fact that Barry has now proved that DSO has been discovered 1.2 klms east of the discovery line. Just imagine how we would feel if out of all the new holes, they found a couple of metres of high grade. We would then be scratching our heads and wondering/hoping/begging for good intersections as they drill each hole closer and closer to the discovery line.

Look at the long term picture and keep an eye on who is accumulating!!!

But most of all, be proud of what they have discovered to-date. I know I am!!!