Yesterday's report gave JORC reserve for Njame North at 2,200 tonnes/ 4,840,000 pounds of U open in three directions which is very interesting stuff BUT nothin' was said about Njame South which is a larger project of lower grade, near surface open pittable U.
IMHO we might be looking at around +10,000,000 pounds of U from both North & South. This is getting into OMC's reserve level at around a 75% discount for a similar reserve both at the Kariba location.
The valuation is very seriously undervalued and out of line here.
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