Everytime I read about UMC's Iron ore prospects in the Pilbara, I can't help but get goose bumps. I mean if they say there are over 4 Billion tonnes at Area C and UMC have a fair chunk of land next door, really anything less than 200Mt would be dissapointing.
I'll make a prediction of 500Mt+ at the tennament next door to Area C, then we have the area just above Wildflower, where Wildflower has 200Mt, Camp Hill also.
We hear that we may already have over 100Mt from previous drilling, so what is that worth alone today? a lot more than 49.5c that's for sure.
Drilling in 2 weeks approx. bring it on
The Iron Ore will make the company, Bauxite will be Growth Part 2
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
