I'm not second guessing announcements! However I remember seeing KOR indicate they are waiting on data from was it Uranerz?
Now that could be interesting.
KOR have just jumped to 38.5c. Gives an indication of what happens with just a little bit of buying.
Watch what happens when there are plenty of 100,000 and 200,000 buy orders.
All you have to do is imagine what will happen with some decent uranium hits in their drilling campaign. Prime Rum Jungle location. Massively underexplored. No exploration done there for years.
"The U-515 prospect, which adjoins the Rum Jungle will become the primary target for exploration following the ASX listing. In addition to that, Korab intends to drill test airborne radiometric anomalies along strike from the Rum Jungle uranium mine further to the east and south-east."
http://www.korabresources.com.au/northern_territory.html
Is it expecting too much to believe that KOR have an excellent chance of finding significant amounts of uranium?
Prime, proven uranium province. Unexplored for years. I believe it's odds on we are going to get some exciting uranium discoveries in the NT.
KOR looks to be right up there with a big show.
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