troy181, imo UMC and PLV are very different.
PLV have further drilling and a substantial target of Fe - which will result in a rerating. Transport is not going to be an issue and I would assume building a shiploader is allot easy and quicker than rail (UMC).Oh, and cheaper. Tony does a great job of keeping the shareholders informed, whereas I found UMC management to be lacking in this area. UMC is more advanced in defining their deposit, and I think dollar for dollar return, PLV has plenty more and may end up with a larger resource, even if a lower grade overall.
I sold my remaining UMC yesterday and will be increasing my PLV holding.
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- send her into orbit showman!!!
send her into orbit showman!!!, page-9
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