Chakay - yes, nice to see 10MT mentioned, so obviously enough...

Chakay - yes, nice to see 10MT mentioned, so obviously enough reserves considered by management to support this type of operation.

The assays don't play on my mind at all, although it would be nice to see some more results trickle through. UMC already have sufficient reserves to warrant getting this project off the ground. Couldn't see BHP/RIO allowing much more than 10MT per annum coming from UMC on their rail unless of course it was via a JV or MGS arrangement.

For me the major issue is access to rail. Would be nice to see an MGS type deal announced. In my view these are the two issues when resolved that will move the share price big time more so than resource expansion.