pennynut I think everyone is thinking that, but we UMC posters are amonst the worst RAMPERS on HC. No one has ever stated that Railway could contain 1 GAZILLION tonnes at 65%Fe.
Even with Yandi Headwaters announced as a target for drilling and when it was compared to the formations of the Rio and BHP deposit, I don't recall anyone stating a likely tonnage target, but don't worry the smart heads on this forum are well aware of what may lie beneath.
I cannot wait for Yandi to be drilled. I'm assuming we would need at least 2 drill rigs, drilling around the clock for several months.
Wouldn't want UMC taken over without a JORC on Yandi.
Oh and lets not forget Jumbo and the rest.
Yandi > Novac + Hfront
UMC Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held