ripped off part 2 - camp hill

This deposit, as Jim concluded, is part of the 19Mt @ 62.8%
Fe reported by Goldsworthy.

Q. Strip ratio?

A.Well just have a look at how many high grade, low
impurity holes commence from surface!!!

Q. Dewatering issues?

A. What water?

13Mt @ 60% CaFe is what I recon and if only the higher
grade was mined, we would have at least 9Mt DSO. That would
have been adequate to supply DSO to CRM for 3 years at 3Mt/pa.

• It could have also been UMC's start-up mine whilst
Railway was being developed.

• It could have been blended with Camp Hill West or Jocelyn.

• It could have but never will, because Barry was unable to
discover anymore "high grade iron....that warrant detailed
follow up drilling".

Right under his nose, and like Camp Hill West failed to
deepen some holes as recommended by his predecessor.

This is what Jim had to say about Camp Hill:

"1. Given that the Camp Hill area will move towards mining
(presumably by BHPB) at some point, UMC is now in a strong
position to do a deal on our portion of the mineralised
body for a co-operative joint mining operation.

2. UMC can move towards defining a resource with a view to
a small stand alone mining operation delivering high grade
ore that could be blended with mineralisation from other
mining operations on lower grade, higher tonnage prospects
UMC has close by (Jocelyn ?).

3. Ore swapping has been done in the past for mutual
benefit. Camp Hill is an asset that may assist UMC in
acquiring an advantageous ore block elsewhere.

UMC believes that the Camp Hill Prospect is now an
important strategic asset in the Project and strongly
complements the defined mineralisation on other nearby prospect areas."