I'm afraid I'm no geologist but I am assuming that rather than being associated with magnetic mineralisation the Railway style ore may be associated with something else? I am assuming that the magnetic lows may represent the displacement of the general non-ore magnetic materials in the area by the (hopefully) high grade Railway style non-magnetic mineralisation?
Perhaps a call to Barry might illuminate this a bit further.
I was a critic of UMC back when MH took over but now I might go eat some humble pie. You were right when you called for him to be given a chance and certainly the company appears to be operating much better both from an operational and a marketing point of view...
Cheers UIO
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held