Hi (lexiconfs)Other companies who have been drilling are getting...

Hi (lexiconfs)

Other companies who have been drilling are getting results back in around four weeks.

What about results from the other tenements they are suppose to be drilling?

What were they doing in Europe.

They must be aware that they need to be looking to mine 15 to 25 million tonnes per Annam to really get the interest of the bigger steel mills.

They may be dealing with people in Europe to get finance,but they will no doubt be selling into Asia.
Why are they not saying anything about trips to Asia as that must surely be the market they will sell to.

The announcement to-day talking about 2011,that to me says they are not looking to build all the infrastructure to get the iron ore to the port.With what has to be finished like feasibility studies,to drill out to get to the final stage of JORC code compliance,mining permits,third party for rail,port access,raising the cash to be able to proceed with the tenements and build the infrastructure.

That to me does not sound to be enough time to do all that if they are proceeding to mine,transport and ship them selves.

UMC have a list of 20 questions at the office of reasons why the share price will not move too much until people are aware of the answers.

Regards
Westcott.