Smoking - I think you will find that ppm that PKT are reporting is in the range of up to 250ppm, based on my calculations. The Clayton Basin is a tertiary basin so the Uranium is there and by all accounts will be very easily mined.
Look at Deep Yellow - they only were finding 20ppm at Gawler Craton - and there share price went wooshka...
PKT will fly today..
DYOR