True. Nothing spectacular...but...grades are on par with most African U resources, you'll find that there are multi-billion dolar listed companies operating - or soon to be operating - mines on far weaker grades.
Secondly.....the resource is a scratch below the surface, if this remains the case throughout the rest of the resource then it will be one of the cheapest mines to run and thus a healthy profit margin per pound.
And finally, this latest bit of news did nothing to downgrade or decrease what the histical drills tell us. The 18m/lbs remains intact.....i for one consider it vital that the historical data is be atleast confirmed....it then allows room for upgrading.
I'll begin to worry only if drill results look like decreasing historic estimates of resource size.
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