never mind the depth ... feel the width, page-7

Hi All,

Jongo, excellent work on your research. The more we know about our holding the better.

On that subject, Baz asked me a while ago about mineral rights in the EXT prospecting licenses.

I have spoken with the company and they have confirmed that EPLs 3138, 3439, 3327 and 3328 all provide Base and Precious metals rights as well as Nuclear rights.

So in other words any discoveries of Copper, Gold etc can be developed by the company just as the Uranium discoveries can be.

The leases do not include rights to oil and gas discoveries but it would seem unlikely that those sort of resources would be found in those areas.

EPL 3139 is nuclear Fuels only but that lease is still under application and it remains open whether it will be granted.

We are now only two weeks away from the forecast submission date for the scoping study by GRD Minproc and then two weeks after that, the TSX listing (as Harlee pointed out).

Jongo, one thing to keep in mind. There are market darlings, companies which need only say "hey we applied for mining lease" and the price shoots up. EXT is not one of those.

I don't know why but EXT consistently announces good results, new leases, etc and still the market ignores EXT. For example, the recent Rossing South confirmation for the presence of U would send others into 20% rises but not good old EXT.

I think the TSX listing will change that, or rather I think the TSX will be more interested in the results rather than any ASX "sexiness rating".

We don't have long to wait before we find out.