It will be interesting to note the market reaction to the Crockers Well resource estimate when it is released - Like MTN, PNN has yet to drill at Crockers Well and will be piecing together an estimate from old data. Differences however, are that Crockers Well already had a resource estimate, (just not a JORC compliant one).
If the Crockers Well JORC estimate is realeased without any drillling results from its other projects, it will be a further test case on the acceptability releasing a JORC estimate without further drilling. If PNN gets a sustained positive reaction, this will in turn say much about the credibiltiy of MTN managment as being a factor for MTNs post announcment share price decline...
more uranium, page-2
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