afr - street talk, page-8

may be a run...

A please explain from the speeding dept at the ASX, with this in mind.

"The latest whispers among investors in mining minnows centre on United Minerals Corporation."

FMG and Hunan Valin will look to TO UMC.

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Will the cap be kept on the SP?

If she goes what will they say.
"We know nothing"

or

Oh yeah FMG (The chinese) wants our iron ore but we also think BHP may spoil thier party.
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IMPORTANT UPGRADE IN RESOURCE STATUS AT RAILWAY DEPOSIT
WITH AN INCREASE IN THE TOTAL RAILWAY RESOURCE TONNAGE
together with
200-300 MT OF ADDITIONAL TARGET POTENTIAL IDENTIFIED ON
COMPANY TENEMENTS
PILBARA IRON ORE PROJECT 100%
1. RAILWAY DEPOSIT RESOURCE UPDATE
Following the completion of new resource calculations on the Railway Deposit, the Directors are pleased to
advise the following
• A new INDICATED JORC Resource of 76 Mt at 60.2% Fe of bedded high grade DSO Marra
Mamba iron ore (Uplift from 64 Mt at 60.14% from the INFERRED category).
• A new INDICATED AND INFERRED total JORC resource of 122.36 Mt grading 58.3% Fe (increase
from 111.3 Mt grading 57.7% Fe INFERRED).
TYPE CATEGORY MILLION
TONNES