rebound, page-9

Or, specifically, 33% approved, but yes, it's very nearly a sure thing.

According to De Graaf, the wait on rigs is softening, particularly in the capability bracket URO will be seeking. I hear the company has one in mind that will meet the depth and temperature requirements, and the LC drilling will most likely be completed on a commercial scale within 12 months.

Current modeling estimates each well will have a 10MW production capacity (if optimal flow rates are established) at 200-210C.

The Kyrgyz project (De Graaf's personal project) is on a completely different level, with the capacity to scale up to tens of thousands of megawatts. There is an abandoned tin mine adjacent to the geothermal tenements, and even when it is -20C outside, a few hundred metres into the mine returns a temperature of 70C. Really unprecedented temperatures, here, and one of the resolutions for the 16h or the AGM will be to send De Graaf back over to the republic, and confirm further and more conclusive results.

Due to the developing nation status, URO will be able to apply for World Bank funding, apply for geological and political risk insurance, and gather support from various development banks.

This will be the major news for me - Kyrgyz drilling. If the shallow hole gradients can be confirmed (they are supported by high-level uranium anomalies) this company, through it's 61% interest, will experience severe SP appreciation.

Hope you end up getting some Hybiepoo, it is a very high quality spec stock, with strong short-term potential and even stronger long term potential.