sp outlook, page-6

Agree with everyone's comments. On the bauxite - we have got to accept that this is a VERY long shot - at the moment they have no reserves worth mentioning - and the Mitchell Plateau looks dire - did you see the threat to the cattle farmers yesterday. The Greenies/socialists/Aboriginals want to turn the whole of the Kimberley into a National Park as far as I can see and even run the cattle farmers out of business. Miners have little to no hope in this environment. Mad but that is socialism for you - money is supposed to drop out of the trees rather than be created and earned. So back to UMC. This is a 100% iron ore play at the moment - and none the worse for that.