Go Nuke
Any negative view to the Ondjama & Bloedkoppie drilling are, and will be very superficial in my view.
Did these results affect in any way shape or form the current 127mlbs of JORC U2O8? Was the BMN share price dependant on them finding a resource elsewhere?
No, NO, and NO! That exploration was always a wildcard, and was to be cream on top of Anom A. Will they find a big deposit under the sand at Ondjambo? I dont know. But what they are doing is continuing to delineate & expand on a great resource at anomaly A. This is already a "company maker", and will continue to grow.
IMO the Onkelo results are sensational. This is heading into the Captains Rabbit Valley area, and the grades are getting higher the further North they go. Uranium is from the surface & the radiometric area is expanding up the top. They say: "Significantly more metres were drilled than planned as the interpreted alaskite bodies were broader than originally anticipated. Results were encouraging with mineralisation often encountered from or very close to surface. The deposit remains open towards the north, south and west as well as at depth"
Just the Anomaly A deposit & extension up to & now includind Onkelo are going to see a resource of significant proportion. Currently 127mlb, the next upgrade will now include Onkelo, so it will be around the 150mlb mark. Certainly the final resource will be closer to 200mlb IMO.
I think of the Valencia purchase of only a fraction of this, & cant help but smile!!!
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