independent expert report - exposed

On page 59 of the Scheme document, it reads:

"...We consider .....Iron Ore Holdings to be the most comparable to UMC in terms of their size, project location, challenges faced in terms of gaining access to transport and port infrastructure and the development stage of their proposed projects..."

Now have I got news for you. I bought among others UMC and IOH almost on the same day early last year. My gains (BTW, as you know all Pilbara IO juniors really took off recently since the UMC deal was announced).

Remember according to the "expert", the companies face the same risks and challenges !

IOH up 900% +
UMC up 90% ~

Now do you smell fish ??