UMC 0.00% $1.30 united minerals corporation nl

noitced received, page-52

  1. 13,166 Posts.
    lightbulb Created with Sketch. 2675
    Ohyeah

    Everyone needs a starting point and in the mining game the place to start is your best resource, then work backwards.

    Bedded ore fetches a better return than detrital ore, so it makes sense to commence studies on the 64.5Mt bedded ore. How Sten decides to handle the 20Mt detrital will be covered in due course.

    As for hole UI314, my assumption is that it intersected the bedded ore body due to its location, depth and grading etc.

    In a East to West direction at 7467620mN, the holes which intersected the bedded formation include:
    UI286, 35, 238, 221, 273, 250 & possibly 267 if drilled deeper.

    Detrital intersections are:
    UI267, 230, 288 & 202

    I can understand the disappointment when late 2009 and 210 were mentioned at various times as likely production times, however I think that 2011 is more realistic.

    The following was the schedule for Hope Downs:

 
watchlist Created with Sketch. Add UMC (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.