UMC 0.00% $1.30 united minerals corporation nl

traders - 2nd act, page-6

  1. 286 Posts.
    From the RMC Announcment; did they need to use the word "Considerable" twice!! A few clues there. All good.



    UMC’s Railway Project is a high quality Marra Mamba style iron ore deposit with
    considerable upside and prospectivity which, with the ongoing support and assistance
    of CRM and the RMC Group, is poised to become a substantial iron ore producer in
    the near to medium term. The UMC Board and management teams are to be
    commended for the swift progress made since its identification in October 2007 in
    proving up this high grade, low impurity iron ore deposit to a currently reported JORC
    compliant global resource of 122.4 million tonnes at 58.3% Fe (including a bedded
    high grade DSO portion of 76.1 million tonnes grading 60.2% Fe). Considerable
    additional exploration upside remains at this deposit and UMC’s other tenement
    holdings in the region.

 
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Currently unlisted public company.

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