So if this is the case and white canyon has JV'ed with GDN at 30% share then its very plain obvious to me that the Thompson project and more importantly the ringtail mine would have the same U308 potential, otherwise why would white canyon bother.
I just called the neighbor, hes boarding a flight to NZ tonight to see a new gas well and I told him about the JV and location, where it is , who own/lease it etc.
he apparently knows the area very well and has walked through the area several times and had conversations with various people within the area...........
he said he would be very very surprised if their wasn't a hell of a lot more than 1.9 mill based on the fact 80% of the 100 mill pounds from the chinle formation previously extracted has come from this area, more like 5-10 mill was his estimate minimum.
he then went on to say that the rintail mine has just as much potential but his brain couldnt quite remember the data previously aquired but said potential was also good
he also asked me to look up Mesa Uranium and Energy corp for more info regarding the area which I haven't had a chance to do
GDN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
