S Kid, I think you are getting closer, but not exactly.
The 1mt 3200ppm is not a given. It is just an inferred resource. Could be more, could be less. The measured resource has much higher confidence. But You need to drill in great density to prove it.
Imaging if they have conducted dense drilling around know resources, upgraded into indicated and measured resource, and did a brief scope study to confirm it economically vialble.
Then drill a couple of spare holes away from it, and make an ann such as 70m at 400ppm from surface, including 19m at 2000ppm...
I am pretty sure CTS will still have a lot of cash left, and share price at worst will be mid-50s.
- Forums
- ASX - By Stock
- CTS
- ann... quarterly operational review
CTS
contact uranium limited
ann... quarterly operational review, page-15
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CTS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LGP
LITTLE GREEN PHARMA LTD
Paul Long, Chief Executive Officer
Paul Long
Chief Executive Officer
SPONSORED BY The Market Online