schueym99
IMHO You can calc up the UMC fiasco as follows
UMC update resources 21 Sept 09
158 mt indicated and inferred (Bedded and detrital) 58.03% Fe
100.7 mt bedded DSO 60.3% Fe Indicated
BHP offer $204 m
UMC Cash some $ 9 m
$195m divided by 158.mt = $1.234 per ton in situ
Plus the requirement to divest all other tenements ( Watch the Directors other plays for the end of this story)
You would think these Journo"s would be able to work a calculator and look past a press release!
Motsa
schueym99IMHO You can calc up the UMC fiasco as followsUMC...
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