cuy price, page-12

Andy8000,

For some reason most see that $70 million and don't take in the bigger story. Paraphrasing from a Feb 14 announcement :

'...one particular well mineralised area covering more than 100,000 square metres...value is more than A$70 million...potential for a tenfold increase in the immediate vicinity'.

Note :100,000 squ. mtrs. is only a tenth of a square kilometre. The Oban prospect has economic intercepts and mineralisation over a 3.8 squ. km. area. Also, that $70 mill. figure was at Feb. spot prices.

A few more points (the CUY web site has some really good detail, including U grades) :

One of the drilling aims this year is to extend this known Oban area of 3.8 squ. km.

Curnamona Energy has exploration rights over an area greater than 6,000 squ. kilometers.

CUY is just a few kms downstream from the Honeymoon project (to the south). To the northwest is Beverly. A great area !

CUY was looking at getting a 2nd drilling rig in 2H07. I understand that with the money from JP Morgan's recent entry CUY has already purchased this 2nd rig. This will enable them to start drilling now in other areas as well as Oban.

If the trial leach plant proves up to expectations this thing could be very big. So, still risk, but looking really good at this stage.