Ann: Resources Boosted at Railway Deposit , page-34

Hi plainsailing,

If the trucking was not feasible then imho UMC would not mention it as a means of getting ore to the port.

It will be anyones guess how much it would cost to produce and transport the ore to the port.

My guess is around the $60 mark total costs and we have to keep in mind that our ore will be in high demand due to its high Fe content and will attract a premium price.

So I think it will still be very rewarding getting the ore to port in this way, but a rail option would ofcourse be better.
In the meatime let them keep on drilling and prove up more reserves to get even more attention from the market.


This is ofcourse in my opinion only.

jojo