UMC
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0.00% $1.30 united minerals corporation nl

high grade result 117m grading 63percent fe, page-29

  1. Tench
    1,050 Posts.
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    03/10/08
    14:46
    Post #: 4342019
    Every mine has its different economics, think I read that MGX have a strip ratio around 7:1 at Koolan island but they have excellent grade and no rail costs to worry about.

    Most hematite producers would have a strip ratio in the 1:1 to 3:1 range, but grades will impact the profitability.

    Railway's 1:1 ratio is a real plus, lower mobile equipment, diesel, tyre costs. More profit!
    UMC Price at posting: $1.07 Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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