For those fixated on JJ results, some rationality please. UMC...

For those fixated on JJ results, some rationality please. UMC currently has a market cap sub $100M and a baseline 8 year project as set out below. The OE and Euroz valuations are at multiples of the current SP and have no consideration for further exploration success other than railway itself nor is the bauxite project considered. Whilst further success would be grand I agree with others here that another railway is NOT needed to justify a serious appreciation in the SP. In the current envrionment I'm not sure where that catalyst to drive the SP will come from but I do know I want to be holding when it arrives.

UMC Project Development Study and Preliminary Financial Model for the 64.5 Mt high grade
DSO Marra Mamba bedded iron ore has been prepared in house, showing, based on
qualifications and assumptions, indicative Net Operating Profit After Tax averaging in the
range $333 million p.a - $596 million p.a with consequent Net Present Value in the range $1.18
billion - $2.4 billion.