If you are referring to Southern Flank and Camp Hill prospects, I think they are unknown, but worthy prospects. Only time will tell on quality & volume. I am disappointed that UMC are advancing these so slowly, but its their call whether they want to know a lot about a little or a little about a lot. A leaning to the latter will serve the shareholders better.
My belief is that, handled correctly, UMC can set itself up as the Cindarella Bride. It can't go it alone on what they have now, or could be predicted to have on current indications, but they can define sufficient "resource" (whether JORC or otherwise) to make an engagement with a major compelling. Sadly, I see little evidence ofthat strategy emerging, but they may surprise me yet?
UMC Price at posting:
70.0¢ Sentiment: None Disclosure: Not Held
