director hogan buys today, page-50

"By February 2009 it jumped to 122.36 Mt.
Target Potential of 200 to 300 Mt identified additional to Railway.
Commence drilling in March to explore targets and to establish a measured resource at Railway Deposit."

And now we know why the target potential of 200-300 Mt was announced, when previously in the history of UMC, never did they ever give a target potential or any forward looking statement.

Why,
because only one month previously BHP had run their ruler over UMC and walked away because they couldn't agree on a price.
So they juiced it up as much as they could and also applied for the tenements in KNP hoping this would force BHP's hand.

The glove really starts to fit once you figure out what the hands doing.