UMC united minerals corporation nl
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further high grades additional fourteen target, page-19

  1. bungy234
    13,335 Posts.
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    02/04/08
    13:20
    Post #: 3535927
    I am a very happy vegemite.

    Diamond drilling to-date has delineated a low impurities ore body with a weighted average of 58.92% Fe.

    IMO, the 100Mt DSO target for Railway is VERY conservative.

    As we increase the targeted tonnage of an ore body, the Fe value will subsequently decrease. Having said that, we are only 1.08% away from 60% Fe, yet in my calculation of 58.92% Fe I have taken into account all the reported intersections, including the 50m at 53% Fe from hole 202.
    UMC Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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