Smashandgrab - YOU DON'T HAVE TO SHOUT SO LOUD - I CAN HEAR...

Smashandgrab - YOU DON'T HAVE TO SHOUT SO LOUD - I CAN HEAR YOU.

Now that I've got that off my chest, I would love to think we are near the bottom, but have lost all confidence in my ability to predict anything!!

For example...
Are any posters here across CiticPacific Mining (Hong Kong), which has 2 billion tonnes of Magnetite ore and a 5 billion construction program underway. When complete, it will produce similar ore volumes as FMG (although more money stays in Aust, due to downstream iron pellet production plant).

I am not qualified to predict the market price impact of the multiple projects underway - combined with Rio's needing to offload assets to bring debt under control.

UMC resources are high qulaity & obviously, I'd love UMC to bring max dollars, but am less confident of the value than a few months ago.