Hi (peteey)And the fact that RIO valued UMC at $816 million.A...

Hi (peteey)

And the fact that RIO valued UMC at $816 million.A lot of difference between 50 to just under 90 cents as per valuation put on UMC in the Report that came out a week or so ago.

Looks like RIO had the full drill and tenement resources and the Reports were based on some made up figures.

RIO would not have put an $816 million figure on the valuation with out doing due diligence.

The reports would have been compiled with figures UMC gave them.

The two valuations should be enough to get ASIC scrutinizing what has happened.

Regards
Westcott.