to understand aeromags, page-37

ONE HOLE ..... about 100m deep .... is all it will take to find out.

There are a couple of factors in Jumbos' favour:
1. It is to the north of the Weeli Wolli anticline
2. It has a magnetic signature similar to railway

Of course, if we were flinders, we'd just tell the market we had a 200Mt potential target, based on nearology to BHP and the land area of the tenement. Apparently some geologists can figure out the depth of a resource by having their photograph taken whilst standing on the scrubland.

I'm not suggesting one hole will give UMC a tonnage potential - but it will give us an indication of geology. We want Alluvium-Dolomite-Hematite-Goethite, plus Silica 3-4%, Alumina 1-2%.

Will be a few weeks away, and I doubt they'll let the daytraders know when to expect the result.


Joel