Agree that they should've worded the announcement a bit better, but they've always been an ultra conservative mob so I expected nothing more from them lol.
As for plain english - I detailed the potential pre announcement in my post "In the long term." further down below.
Essentially there are 500MT of published resources adjacent to the various tenements. Confirmation of the possible continuation of the outcropping iron at the surface down at depth implies that we could be sitting on a similar sized aggregate target of circa 500MT (or more!) in UMC tenements.
This was a big announcement but poorly marketed.
A buying opportunity as I predicted 15 minutes before the announcement came out ;)
Cheer!
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
