The best part about UMC, this is only the beginning as they have...

The best part about UMC, this is only the beginning as they have already identified a host of other targets.

If they come out with anything around 50mln tns or above i will be delighted. As Bungy pointed out they are now looking at Phase 2 which shows how confident they are in having a mineable resource.

Then you add on top of that:

4 high priority Marra Mamba targets (Includes Jumbo Junction)
A large Channel iron deposit target
7 further Marra Mamba targets
2 Brockman iron ore tagets

That can only mean alot of exciting times ahead.

Then of course down the track the Bauxite will come into play.

We have a very piddly shareprice IMO with enormous upside.

Cheers markco2