Hi everyone,
We are soo frustrated and Iam just the same.
But one thing we should never forget.....
We are the only junior who has first class resource in the middle of the Pilbara.
We are surounded by the big boys like Rio and BHP.
We have a first grade resource with one of the best grades in the country and low contaminents.
We have the railway lines basically at our doorstep.
And we have already proven up that we mean bussiness with a high grade resource drilled out and more and more good drilling results whenever we drill a hole in the ground.
With a resource like UMC we only have to wait because a good resource like that is hard to find.
FMG is still the front runner imho to make a bid but the chinese are hungry and may want to give a helping hand.
On the other hand a merger between RIO and BHP in the Pilbara may mean that they have to open some of their railways and UMC would be first in line to benefit from this.
All I want to say is that if you have a good product, and imho UMC has a great product, buyers will come and knock on your door.
Lets not forget this guys, we have a GREAT product at one of the highest grades.
Good luck to everyone and remember our time will come because we have to goods.
jojo
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