ceo for a year., page-37

rad asks - "Why is there a deafening silence regarding TORO stake?" -
Is it just because uranium assets are so beaten down now that OZL just regard their 42% stake in TOE as a bottom drawer type of investment.

Horsetrader1 says - "From my understanding, OZL hold TORO because TORO has first "dibs" at any U at P Hill."
I thought that last month when OZL paid TOE the $3.75mill - that was for uranium exploration rights around Prominent Hill - Mt Woods that TOE has held for ~5 years. Applied to EL's 4025, 4132, 4283 & 4390 - I do not know if those EL's encompass P Hill.
HT1 are you saying TOE still has some rights to uranium in the Mt Woods - P Hill areas ?
I notice that in the latest TOE presentations they do not mention the large OZL stake which would be an inhibitor to corp plays on TOE unless OZL was a willing seller.

SirloinSteak said - "The geologists would have to have a reasonable idea IMO and they wouldnt be spending all this cash looking around there if there wasnt a good chance of something coming out of it."

I think you have a slightly rosy notion of the capacity of geologists to pinpoint economic concealed mineralization. Geo's manage exploration, logging what they see and compiling and interpreting the geo-evidence. However the ASX is littered with hard working exploration companies who have been raising good money and exploring for over a decade with no discoveries. Their geo's were/are not stupid - it is a very tough game and orebodies hide themselves very well. Mineral exploration is a very difficult game to be successful in - whereas buying into a discovery, as long as all the facts are well understood - can be a less risky way to acquire an orebody.