Watch all the Pilbara iron ore miners move when third party rail access is approved (soon).
In an announcement from the NCC Submission,BRM are said to be looking to export 35 million tonnes by 2016. The extra 10 million coming from one of four tenements in Pilbara West,Mt Stuart,West Hamersley,Mt Florance or Duck Creek. That sounds as if with very minimal drilling in these tenements they are looking to have at least 10 million tonnes per year from each of these tenements.
Shame on UMC Directors for not going ahead with DSO Marra Mamba-CID-and high grade Detritals,and heaps of it.
Regards Westcott.
UMC Price at posting:
$1.28 Sentiment: None Disclosure: Not Held
