EXT excite technology services ltd

paydirt 09 u conference adelaide, page-4

  1. 1,234 Posts.
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    http://www.brr.com.au/event/56279

    A great presentation and summary of where they are at....hard not to get even more excited after watching this.

    I tend to agree with Simrose that this is potentially going to be a lot bigger than the 200m lb of uranium estimate expected after zone 2 comes in given the km's outside zone 1 and 2 that they haven't drilled yet.

    It was also interesting to note that RIO's Rossing still has half its resources (250m lb) still in the ground - although at depth.

    I still don't think RIO will make any corporate moves before the zone 2 estimate is in. I believe that their stakes in EXT and KAH at this point are to stop Rossing South slipping away to another major. What would make it interesting is if another major popped up in the Top 5 shareholders.

    I got the impression from the presentation that down the track a JV with RIO would have to be at least considered given the closeness of the Rossing infrastructure - certainly not a given though from what I could gather.
 
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