Kingrichard,
I am just wondering if it would be for the Phase 1 & 2 of the Mitchell South Plateau project as they did mention a wide area drilling reconnaissance in the January Quarterly for the field season 2008.
Just the other thing to note, in the original JV, UMC did state:
"UMC is confident of maintaining its 25% share despite the project's very large size potential with estimated multi-billion dollar capital requirements."
I would expect a big drain on funds especially if they are wanting to fast track the project to capture the expected increase in Bauxite prices over the next few years.
Thanfully, Hydro are wearing the greater burden of the Feasibility Studies once they get to that point.
Cheers markco2
- Forums
- ASX - By Stock
- UMC
- chart analysis and price targets
chart analysis and price targets, page-18
-
- There are more pages in this discussion • 2 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add UMC (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online