UMC united minerals corporation nl

io benchmark price, page-17

  1. 8,602 Posts.
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    Hi (showman)

    If UMC keep drilling for 12 TO 15 months (time out for the wet season) and keep adding to the resources that are in each tenement,would this then change the whole outlook on UMC share price?If they spend $10 million or so on drilling and come up with 400 million tonnes of Marra Mamba - 120 million tonnes Brockman and 500 million tonnes of CID,Detrital and Pisolitic ore combined.
    If the grades were good to very good,how would the value be looked at on UMC?

    Regards
    Westcott.
 
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