Couldn't have stated it any better Marco on the potential of all the other target plus bauxite.
We keep concentrating on Railway and forgetting that this is NOT just a one shot, one hope company.
One point I forgot to add. AGO is not currently being revalued ($1.3B) on the size of it resource 23Mt, but by it's nearness to production and positive cashflow that will be generated.
If they only find 50Mt (which I doubt) and can ramp up from anticipated 2Mt to 5Mt with a mine life of 8-10 years then it will still see me through to retirement (I'm not greedy...lol)
Somewhere in the order of 100-150Mt might just get me there a lot quicker that's all..
Strangely enough I heard something the other day that reminded me of that show from the seventies "The Good Times" with JJ in it.
I think those times are upon us!!
UMC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
