my valuation, page-6

Lordy.

Very conservative indeed.

I will add a bit more, if EXT is T/O, in calculations
you have not allowed for any of the further 9 kilometre
of strike, no down dip, which we already know the drill
holes finish in mineralisation.
Also the rest of our tenements.

Which are.
EPL3328
A Survey that was done on this Tenement shows it has
Uranium between 200 -300 PPM. The area of this is
11 KM X 2 KM.
EPL 3327. Has the same readings, the area is
3 KM X 1 KM.
Management have stated they are sending a Drill Rig &
a Crew to test the next 9 KM of Rossing South, which
by the way, will be now, being tested, so if anyone
makes a move on EXT, S/Hs will benefit if the above
happens, and is positive. One thing that does stand
out is the resource seems to be getting richer as the
Company proceeds along, if people have a look at the
Picture taken by the Sattelite you will see the
Stratagraphy that runs from the Rossing Mine (RIO)
into Rossing South it kicks in closer to ZONE 2, and
you can see by that Picture it is stronger further
from Zone 1.
The way I read that, is the Uranium that has been
washed and leached down over the years will prove
Richer as we go further down imho.

Simmo.