who posted 40 cents, page-25

Railway and UMC's other tenements may one day earn big bucks when the next iron ore boom hits the markets because there seems little doubt about the quality, or size, of the deposits.

The problem is - will UMC go broke before that happens and the assets fall into the hands of another "player".

That is always a very real chance with explorers. Have seen it all before. One can only hope UMC can keep machinery oiled, and the stock a going concern, until sentiment changes because I don't think we are going to see any "joy" for junior explorers in commodity markets over the next few years.

Coop