The announcement yesterday was just what the Doctor ordered in this crap market.
Good to see O/E quickly on thr ball.
Key Events / Valuation Triggers Near term news flow is expected to remain frequent and positive dominated by the development of UMC’s iron ore projects including: • ongoing drilling programmes and assay results to upgrade Railway’s resource status and potential tonnage; • continued diamond drilling at Railway to determine “Value in Use” criteria for ore sales; • exploration drilling at priority targets, including Railway East, Northern CID mineralisation, and Jumbo Junction (drilling is ongoing); • outline of findings of economic evaluation studies; • new and ongoing discussions with a number of infrastructure owners in the region; and • further development of the ongoing pre-feasibility study for infrastructure access.
Alot to look forward to leading upto the AGM and beyond.
Cheers markco2
UMC Price at posting:
$1.15 Sentiment: LT Buy Disclosure: Held