pilbara iron ore developers patersons, page-18

We will wait and see when UMC JORC comes out in the near future. I can understand Patto putting a buy recomendation on BRM and not UMC. I have spoken to Patto as well and BRM is a good buy according to them. Without the JORC it is a difficult comparison. Just on the grades alone, I rate UMC over BRM anyday with or without JORC.

Going back to Fingermark point, I too would have been burnt big time by blindly following broker recomendation wrt to BMA Gold. It was a rated strong buy with all the fancy research and comparisons and what nots by a certain brokerage. Had I not sold when it dropped i would have lost a lot of dough, it was derigistered within 6 months of my exit. That was the last time I used that firm.