a real conundrum, page-2

re: a real conundrum ukd Here is some interesting reading for you.....

UKD - United Kimberley Diamonds

They have some good diamond areas identified, found a large bauxide deposit and now just 100% acquired a (min) 119 mil tonnes Iron Ore in Pilbara next to BHP & Hamserley Iron in a GRANTED tenement ready for drilling & JORC.

The interesting thing is the former owner of the tenement Rhodes (is apparently well know in the iron ore game) got the lease from BHP and then FMG challenged them in the Wardens Court and lost.

Check out this link for some links:

(see post Post #1292309) the post is called "iron ore story" just the other week.

http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=371124#1291240

UKD have a huge potnential and at only $0.19c... Will love to see the drilling results and JORC when done.... Could be a CAZ all over again....