With all due respect.I don't think a lot of UMC share holders see the potential of the CID and Detritals UMC have.
What would BRM be with out its CID and Detrital ores? What would SDL's prospects be with out its Itabirite ore? SDL have other areas with high grade DSO,but the real company maker that will see SDL still going past 20 years towards 100 years is its vast amount of Itabirite.
All I am saying is that in any take over or what ever the important thing to get value for share holders would be to force the company to show the drill results that have been done. Are UMC to pass over those drill results to who ever is involved,that have been acquired with our money so they can profit from it.
A lot of the iron ore that comes out of Brazil is of lower grade beneficiated Itabirite in concentrate and pellet feed.
Regards Westcott.
UMC Price at posting:
91.0¢ Sentiment: None Disclosure: Held