great week, big open monday, page-11

Hey lexi, do you realise that you are whinging about other people whinging. Just a thought. LOL.

Vayama, have another read of the last Quarterly. I reckon if you were to off load your shares now you may miss out on an upcoming announcement (or two) that may add significant value to your holdings.

The Railway Deposit is looking to the goods. A few highlights being...

1. An additional 25-30 Mt of bedded DSO in the Boundary Zone at a grade of 60-63% Fe.

2. Confirmation of the positive hydrology modeling for the pit dewatering.

3. The potential for between 150 and 170 Mt grading 58% to 64% Mt with a core zone of 100 Mt to 110 Mt of high grade DSO.

4. Ongoing discussions and reviews with regard to getting Railway to market.

5. Postive waste rock characterisation test results.

6. Projected Execution Plan completed and implemented.

7. Aborigional Surveys completed. All good.

8. Minning lease area pegged and applications submitted.

9. Environmental surveys completed.

10. The potential to be a less than $40/t operating mine with relatively low capex.

There you go. And I am sure I could find a number of other positives. Location and ore grade are the big positives for UMC. Political machinations on the federal and state level should also work in favour of UMC and the other juniors.

I'm not selling a single share at these current prices.

PEACE OUT.