next break out, page-21

Hi Chris,

Yeah absolutely no worries with those levels my friend.

I'm anticipating UMC will have a strip ratio of around 2:1 which would certainly place the project in the economic basket.

I have no idea of the associated costs, except to say that it would be on the lower end of the scale, given the fact that the overburden is predominantly alluvium and dolomite. Must also take into account the economic balance of extraction costs versus Fe quality/tonnage.

Cheers!