UMC
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0.00% $1.30 united minerals corporation nl

Remembering reading something the other day about the discovery...

  1. fingermark
    2,194 Posts.
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    22/05/08
    11:47
    Post #: 3750247
    Remembering reading something the other day about the discovery cost of resources for FMG was about 10 cents per tonne which I thought was pretty impressive.

    Let's say we find 100Mt and it costs us $10M in expenditure to find and Jorc it.

    10 cents a tonne to find....pretty impressive stuff!!

    Even at $20M it still works out at 20 cents a tonne currently selling for $$$$

    I'm happy with my investment
    UMC Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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