what is in (or not in?) UMC ore to give the magnetic low at Railway, and hence Jumbo, that is different to the ore at MAC?
My read of the aeromagnetics shows MAC at a magnetic high, not a magnetic low?? Or am I looking at the wrong place on the map?
At Irvive we have a strong magnetic high, not low, and that is caused by the mineral maghemite which is closely associated to the hemitite that runs through Koolan, Cockatoo and Irvine.
Please don't get me wrong, I'm not suggesting anything unusual, just would like someone to explain it to me if they know for my understanding.
Today's announcement was a beauty IMO, every extra tonne we can get over the minimum needed for a commercial operation is lowering the average capital cost per tonne...
One of my all time favourite stocks.
I'm still accumulating at these levels. Please DYOR.
All the best guys, Tony.
p.s. UIO saw the other post you did... very honest work.
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held