Cheers, been doing a bit of reading about microplaty hematite to...

Cheers, been doing a bit of reading about microplaty hematite to try and fully digest the relevance; other than "Extremely Good". The UMC folk must be eagerly awaiting the assay results of those deeper holes due east of 257. My initial exitement resulted in a doubling of my holdings at a somewhat lofty price, north of $1.80. That said I would expect UMC to undergo a serious re rating post JORC. The stock is currently outside the risk profile of many. The recent placement (cash) took away many of the doubts I had about their ability to raise without discounting. This was significant for me.

Playing out the hypothetical, the railway JORC could see UMC trading at $4 in Q3CY, with a significantly different risk profile, solely [conservatively] on the basis of its market peers alone. Further successful drilling at Jumbo and others will feed into the BFS with exponential benefits.

Microplaty - "You Beauty". Oh and then there is the Bauxite.