Hi Heamitite,
you say UMC is worth either: $0, or $2-$10 based on the Iron Ore.
What do you make of the drilling so far? Chances of $0 look to be getting slimmer all the time.
Do you think they could sell their 1/3 of Camp Hill to BHP?
Is Railway a dud? Surely there must be a few million tonnes based on outcropping Jocelyn Ore, extending eastward to Railway at depth.
Thoughts?
Joel
top 20 shareholders, page-47
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