UMC united minerals corporation nl
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2.39 price target report, page-8

  1. Atma
    520 Posts.
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    11/06/08
    20:31
    Post #: 3844405
    yandi bhp is 50-150m thick orebody

    20km2 target

    *

    2.8specific gravity

    *30m average thickness(conservative)

    =1.7bn tonnes. If it was Yandi 50m thick = 2.8bn tonnes. of course not all the 20km2 would be mineralised, but if 40% is its good enough to build another railway line(like FMG and AQA?)
    UMC Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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