UMC
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0.00% $1.30 united minerals corporation nl

umc bigger potential than ever thought!, page-37

  1. theincorporator
    2,250 Posts.
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    22/04/09
    22:14
    Post #: 5041668
    big picture meerkat

    means that a 110km RAIL SPUR FUNDS ITSELF 3-4 times over. notice the following extract from todays announcement

    The target
    potential of these applications is 380 to 500 million tonnes of iron ore mineralisation at a grade
    of 60% to 63% Fe which could potentially justify a separate rail spur for the Company.

    sounds to me the AFR may be right re: FMG
    UMC Price at posting: 92.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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