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.
PLV Price at posting:
68.0¢ Sentiment: LT Buy Disclosure: Held