Hey Gordon mate, I believe that until the company has the right to drill the land for Uranium, it cannot report any drill results, and I see 2 reasons quite clearly.
1. Announcing grades of uranium to the asx before one kows if one owns it is asking for a jail term.
2. If the grades are good everyone in the business would make applications for the same tennement and the mme would consider them all... man wouldn't that slow down the normal snail pace of the Namibian MME.
We know the radiomagnetic findings show the presence of uranium in the ground and we can speculate all sorts of theories about the likely grades, but we cannot expect Reefton management to report the findings until they know if they actually own the rights to drill for uranium.
I believe the MME will be fair in their decision, and I too believe the application by reefton will be approved, and I am happy to wait patiently until it happens.
This is my opinion only, and there are no other persons influencing my opinions. I have travelled Namibia and I am familar with the geology of the area, I have also visited the Namibian mines ministry and found them helpful in the information they provide to visitors.
RTM
reefton mining nl
