bannerman up on us fund buy, page-8

oilyman & vayama,

I too have done figures from time to time.

They are similar to yours vayama....& I'd reckon many other long termers (chris,tibbs,etc. etc. )more or less agree this has tremendous potential.

However, last year I'd post my sp predictions (like yours) & get howled down by the 'jealous' ones or downrampers so I shut up about it!!

since the Scoping Study ...the boxes are getting ticked off esentially de-risking the whole project.(water, power,etc.)

The proposed on-site acid plant will increase capex by $50M but will decrease opex down to $22-ish.
Staff have been appointed at head office. bfs $$ placement all done; not sure about who's been successful in tendering for it as yet...but must be soon.

So the delay is getting samples analysed in the S.A.Labs.....dazt got email recently back from PB...& its a worldwide problem so the company IMO is maintaining its performance but this sampling is beyond its control.

The bfs will be very involved , designing everything in detail ,expensive, & will certainly take the rest of this year.
Then its raise the Capex.( no probs , now with RCF now on board the register.. & start mine construction ..early 2009!.....18 months to complete

Then we all get invited to the opening ceremony to watch the first barrel of 'yellowcake' fall off the conveyor belt!!

Then watch your share price perform!!....

Greed is good!!I have an expensive young wife to support....dribble dribble ...he he he


However, back on earth until we get the final resource for AA confirmed not many out there in this shakey market will believe us...

That's O.K.. coz I can wait till the big announcement in june !!...then watch the uranium world sit up & take notice.
More words of wisdom from Capt.yellowcake!