consolidation of io sector, page-29

The key is FMG Rail Line.

Do some sums on this although I think you will find the sums will be already completed. Keep in mind that FMG would luv some top grade ore floating through to help their grade.

Forget the doom and gloom UMC has the grade, there will be a very profitable outcome for UMC ore.

Hold your shares, this is a stock that will recover very quickly, thay have the ore in the ground.

Take Rio's decision to expand their production, this is a major boost for UMC who will be able to push some 2m production pa into the system when needed. My figures on 2m production for UMC is plus $50m a year.

If you are a long term holder as am I, keep your investment, if you have entered at say $2 plus, now is the time to average down.

This is great fun times,I have been through it before. What I am doing is selling the stocks that have no hope, and buying ones with proven or near proven reserves.

Uranium stocks are a top priorty.