announcement, page-27

Hi zeus,

Thanks for your in-depth and non-attacking reply to my post.

In my opinion the MZM partnership is just a low chance success U play. MZM is very small themselves and obviously will need to locate money from somewhere to take the U drilling to a level than can prove commercialisation. To me the problem for MZM is that they don't need a free-carried partner, they need one who has money to throw at the project. MZM also seems to have alot of other things on their plate and for a minnow company like they are this can spread people resources far too thinly. Also I am very sceptical of announcements such as the one they just released about U with the hard-hitting headline:

'High Grade Uranium Mineralisation Revealed at Robinson Range JV'

I mean the crux of it, is they have read a historical report and reported some finds from previous exploration (which in themselves really dont mean much). It didnt deserve that sort of headline and it was obviously aimed to hit hard. Interesting that it is announced 9 days after GPN joint venture announcement.

YRR I agree has great potential. But as I have said before why not just hold YRR in that case. Any success will benefit YRR more than GPN in share price appreciation in my opinion.

Im just not convinced yet, seems to be alot of PR but not alot of substance at this stage. If more information comes out in the future of course my opinion could change.

Good luck regardless to all that hold