Could be wrong but I doubt Barry wrote today's report. Media contact PPR (WA): Brian Leedman?
Given the results so far for the Boundary Zone and the potential for it to extend into MAC, I find it almost impossible to believe that UMC would not have already been in talks with BHP. The ONLY way for UMC to unlock the full value of the Boundary Zone is a corporate deal with BHP.
The lack of results for the other three targets drilled in the last quarter may very well have something to do with a potential deal with BHP. Indeed, not one word was mentioned about those three targets in today's report which suggests to me that something is brewing.
UMC Price at posting:
86.0¢ Sentiment: Hold Disclosure: Held
