Columbia,I would caution against hoping for $5 upon initial...

Columbia,

I would caution against hoping for $5 upon initial JORC. BRM had a headline of 1.1 billion tonnes which sent the price to $3 initially as excited but uninformed traders jumped in.

True, the vast majority of it was not DSO but the giant headline of 1.1 BT was what propelled it to the heights it reached. When UMC announces its initial JORC of less than 100 MT the headline won't be nearly as spectacular as BRM's 1.1 Billion Tonnes(Don't think 20,000m will be enough to JORC up the whole 100MT especially when some of that drilling will be used in prospects other than railway).