162m thick high grade zone , page-34

Hi (ACB)

Producing 5 million tonnes for 20 years.
Starting early 2011.
What does that tell us about the stages of getting to early 2011?

That is as bad as FMS saying they have 400 Mt going by rock chip samples.

Is that just to shut us up from asking more questions?
Even FMS show the stages up to first production.

UMC management could not have thought much about the drill results from the announcement because the headline was about the Government and third party access,not the drill results.
They also speak about a shallow resource.Forty to seventy eight metres before getting to the iron ore I would not call that shallow.

Shallow resource will be the CID-Detrital and Pisolite ore.
That is where they will boost the tonnes per year from 5 to 20+ million tonnes per year.

I am convinced the announcement was more about keeping share holders quiet by just announcing anything.

Regards
Westcott.