Get a grip guys...................
EXT is about to announce definition of their maiden Uranium resource.
They have several other very promising projects in the pipeline.
They have a signed MOU for water to use for production.
They are awaiting further drill sample results.
They have five rigs on site going flat out.
They have another two rigs coming.
They will very likely be producing within the next two years. Probably even before Bannerman.
MLS have done a bit of scratching around on the surface.
At this point they are at least three years behind EXT in the Uranium stakes. And that's assuming there's even a Uranium resource on their leases.
Surface scratchings mean next to nothing. Uranium is one of the most prevalent minerals on the face of the earth. Some serious drilling is required to delineate resources and define to JORC standards. This takes time, (and drills).
As for thinking that MLS shares should be valued higher just because someone got some good grades a couple of hundred kilometers away.............Jaysus! What are you smoking?
Forget about the Uranium in Namibia for now. Only movement in share price in the near future, is coming from the Manindi upgrade, which I'm starting to think will possibly be announced before JC's second coming.
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