I understand the dissappointment in recent share price movements, but I think as you point out the proximity to infrastraucture, the high grade nature of the deposit and Colin Barnett's firm statement on negotiating access as part of the new JV agreement, should give us all cause for some optimism.
As for the time frame - how long would it take to build a spur line to FMG rail ? A 12 mth (successful) negotiation to get onto BHP or RIO lines would have to be preferable to the alternatives...
UMC Price at posting:
88.0¢ Sentiment: Hold Disclosure: Held