ajgeo at the end of the day it doesn't really bother me one way or the other. The 20% drop drew my attention to the stock and on reading the announcement i couldn't believe the sell-off so with the little spare cash that i had i bought some UMC at 112c.
I am not talking about a concise jorc compliant resource estimate. It would have to be a pretty safe bet though that going on today's published results of grades and depths that there are some serious quantities of iron present. I also notice that the hits started at some pretty shallow depths
Camp Hill UI 013 mineralisation starting at 0 metres
Camp Hill UI 149 mineralisation starting at 0 metres
UI 188 Camp Hill mineralisation starting at 2 metres
UI 166 Jocelyn mineralisation starting at 0 metres
UI 006 Jocelyn mineralisation starting at 2 metres and 3m
Also, "(including 46m at 57.8% Fe) right up to the BHP Billiton (BHPB) tenement boundary line and this UMC prospect can now be confirmed as the extension of BHPB’s known mineralised body." In fact, this if you look carefully is the Camp Hill UI 149 mineralisation starting at 0 metres from the list above.
My take only!
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