AGO have a few hematite prospects as well. and 20% in WRK. Starting exports end of the year. Certainly dont have UMC's upside in terms of sheer size but that said will have cash flow in less than 6 mths from their ops. And have a good chance of being one of the very few magnetite operations that will get up in Oz imo.
both are good stocks i think. AGO did run a little ahead of itself based on the fact the market decided It really like it. Personally I think they are both great mid/long term buys right now.
I hold both. Had AGO since 90c....must admit i wish I could say that about UMC though.
UMC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
