re: more backround big story here maybe Just picked up on this...

re: more backround big story here maybe Just picked up on this on Fri. Up side from here is huge. Iron ore close to railway and road access, BHP & others next door (remember CAZ-BHP deal if CAZ got the lease). Just on the iron ore would have to be a 10 bagger in the near future, if those estimates are accurate.

Checked out the shares on issue....

Listed securities:

UKD - 56,950,001
UKDO - 31,854,167 (ex price 0.20 exp 31 Jul 2008)

The good thing is they have a granted tenement, but do they have a drill ready to go?
Does anyone know how long before a JORC resource would take when drilling starts?

Wonder how much FE there could potentially be on the lease, would really love to hear those estimates doubled... It's CAZ allover again...

It's worth a punt to me... Count me in on Monday...