report out, page-17

miningio,

what does it matter how big the resource is?
The point of infilling to make a measured JORC is to prove it is economical to mine.
I dont' care if its 40Mt or 140Mt - the cashflows are enormous either way.

Also, you forget that they have been sending samples to the assay labs continuously. They haven't released the results to the market and they don't need to - unless something material has changed. Barry knows some of the thicknesses and grades already. I'm not expecting much in the way of ASX announcements, or in terms of corporate activity until the JORC is ready.

What we do know is that UMC are on track - and doing everything in their power to mine this deposit at 2Mtpa as quickly as possible.


Joel