UMC united minerals corporation nl
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Most interesting. A company called Bauxite Australia is 100%...

  1. needle
    2,116 Posts.
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    12/05/07
    18:39
    Post #: 2443555
    Most interesting.

    A company called Bauxite Australia is 100% owned subsidiary of UMC. Bauxite Australia ownes 6,830 km2 of exploration rights in the north Kimberley area.

    IF TRUE and they are to IPO their bauxite prospect, it would be a strong endorsement for the likely success of their iron ore project in the central Pilbara - and for that matter the bauxite as well.

    Info that should come via the ASX first though.
    UMC Price at posting: 0.0¢ Sentiment: Buy Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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