Ann: Quarterly Activities Report , page-7

tildesley,
we have some special situations right now.
The market dived down for some days.
Yesterday some people sold, because the no-grade-springbok results, i think.
But the story is not primary uranium here.
The story of Marenica is the story of an massive undervalued secondary-uranium-project with very low costs of future production.
please note, that 90% of the resource is not deeper than 40m.
The most of drilled resource is about 20m under the surface.
It doesnt matter, that the price of uranium is about 40 USD.
It is economic stuff!
The neighbour AREVA with its Trekoppje-project has secondary U too. So their plants will be working with secondary U!!!
But i think some people didnt understand the whole U-thing here. We dont need primary uranium for having a stronger interest of AREVA. We need more U of the paleochannel-secondary-uranium.
So lets pimp up the resource.
In the next 4 weeks (i hope strongly) we will see the Upgrade. If we will have 50 mlbs, this would be great!
If we see 55 mlbs this would be fantastic...and i think, AREVA wont be the only one who is interested in Marenica.
There are many other big players,who want to buy in, with this low-price area.
Maybe you know, there are some big-players who have an buy-back-programm of U, because the price is so cheap at the moment. Why they should not buy a total project, which has only 1/3 of surface explored and proved 39 mlbs, with such a potential of raising resource. (think about the 16 new mineralisation zones!!!)