Have thought about that UMC, but that is factored in at this price and extremely unlikely considering Xstrata purchased 20% of the company and bid $1.10 only 6 months ago.
Definately a major shareholder selling down, possibly wont be developed in the next year, definately a multi bagger when the major finishes.
Even at current depressed copper prices the mine would be profitable, not to mention the gold exposure.
thats why I say DYOR
IRN Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
