"As for BRM, nice sizzle, but no sausage. Not impossible for this to get up, but the orebody quality and location are C to D grade. Nothing about this company stands out other than the potential resource size. Which is still ho-hum when stacked up against the Rio/BHP/FMG position"
Agree with you that UMC has the ducks nuts on ore quality, but a bit confused as to why you think BRM has a C/D location (with BHP and cloud break lines a stones throw away)and why 1 billion tonnes (if it gets up) is a ho-hum resource size. FMG only have 1.6 billion in reserves, and I'm not so sure that ranking just behind FMG in resource size is such a bad thing is it?
UMC will be mined .. just a question of when.
UMC Price at posting:
$1.34 Sentiment: Buy Disclosure: Held
