I tend to agree with you there Jimmy regarding HP and the directors. They know there stuff - and some persuasion with $ could occur to move the boundaries of the SGR if it boils down to it.
The TSX thing will open the company to more investors, which is a good thing. It's market cap is rising very quickly. Decent deposit to date with decent enough grades and not too deep from surface. Up to 90% recoveries from the sandstone. Seems like a reasonable compnay now.
I am still holding UNX Jimmy (perhaps this should be on UNX thread), and even more so now. The Manyoni and Bahi areas are calcrete based, very very shallow from surface - so expecting low cost mining or scraping. Then there is Mkuju whereby the company have made very little progress with actual driling which has been dissappointing now for a couple of years - especially way back when I first read about those trench results - when was that 2006 or early 2007 ????.
Companies like Mantra and Western Metals have been drilling in that region for a long time. Maybe put it down to management - I don't know.
If the drill results from Mkuju for Uranex are just as good as Mantra's, you would think the market cap will resemble something more like Mantra's don't you ? If so, then thats why I am in Uranex still - more percentage upside form current levels. That's not even taking into account the two JORC deposits in Manyoni/Bahi and Thatcher Soak in Western Aust. The Lake Maitland deposit was valued by the Japanese just recently. Similar mineralisation and depth.
MRU Price at posting:
$2.25 Sentiment: None Disclosure: Not Held
