UMC united minerals corporation nl

notice received nc, page-24

  1. 2,194 Posts.
    Read the ann again.

    The company is sending the rig back in Jan asap to continue drilling.
    They believe they are onto something very significant.

    Maybe they will continue deepening the holes and delineating the resource with the DD rig and when the RC rig arrives in April they will have results back so will know where to send the rc rig to do infill drilling.

    Can't you see that they are looking at fast tracking a JORC resource here asap.

    If the company was to come out and say we could have 150-300 Mt of high grade marra mamba ore like other companies have done with far less drilling and assays the thing would be flying.

    But, this is the potential. Do some calculatons for yourself and see what numbers come back over 2 sq klms.
    They have already stated mineralisation of 4 sq klms.

    1 vertical metre over 2 sq klms is 2 Mt with SG of 2.83 equals 5.66 Mt per vertical metre.
    10 metres equals 56 Mt and so forth.

    No ramping here just stating the facts and the potential...
 
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