ann out, page-3

Good report:

1. completion of the scoping study which suggests that U mines at Taylor Ranch is economically viable with estimated net cashflow (before capital, depreciation, rights) of US$68m based on U price US$65/lb.

2. 'targeting' the development of a conventional acid leach plant at a cost of US160m capable of producing 2.2m lbs U per annum

3. Acquisition (100%)of Keota U project also in Colorado

However, it is kind of low key and feels a bit strange. I consider the completion of the ss and the acquisition of Keota as major milestones and should therefore be announced with a lot more fanfare. Am I missing something here?

Perhaps a lot of it hangs on the 27 May hearing.

I can't wait to see the full scoping report.

Cheers