PDN also has a 13,000+ tonne resource (.09% U308) at Kayelekera - which has a lot of exploration upside. PDN have also produced a BFS for Langer Heinrich etc. etc. i.e PDN is further up the food chain.
There might also be an issue re ore body, PDN's reseources are largely in sandstone - ie. easier to mine than Palarana Ore body, which is granite - although if there is a will to mine it and is proven to economic, it's probably not a big issue.
There is also the SA labour party who got narky about U mining late last year, which caused a selldown of a lot of speccies in SA - just another variable to consider.
On top of this is the 33K tonne resource, which is inferred (somewhat shakily). As I have said on this stock previously, they need to get actual new drill results from Mt. Gee to whet the market's interest.
It's a stock with a a lot of potential if things sart to fall into place..
Cheers
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