UMC
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0.00% $1.30 united minerals corporation nl

Ocean have released (to institutions) an update on UMC - they...

  1. theseawolf
    300 Posts.
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    23/09/08
    23:34
    Post #: 4304400
    Ocean have released (to institutions) an update on UMC - they value the shares as follows:
    Iron ore $2.80 p/sh
    Total $2.93 p/sh giving bauxite just 2% of the total
    Base case at 4 mtpa production and access to markets $7.90 p/sh
    They state "UMC has been transforming from a pure exploration company into having the largest high grade hematite resource in the Pilbara outside of the majors"

    UMC Price at posting: $1.28 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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