i can not believe this has not been commented on yet:
CORPORATE UPDATE The release of the inferred JORC resource at Railway confirms it to be a deposit of substantial size and quality. The Company wishes to advise that it is currently negotiating and evaluating various alternative strategies and proposals with and from 3rd parties in relation to maximizing the economic value of its Pilbara Iron Ore Project on behalf of all shareholders. These strategies/proposals (which are confidential and incomplete) will take time to evaluate and may require the company to engage independent experts to provide advice in relation to those strategies/proposals. The Railway Prospect inferred resource is a very significant and valuable asset and all options need to be examined thoroughly.
UMC Price at posting:
$1.08 Sentiment: Buy Disclosure: Held
