the dyl go slow, page-14

That's a nice application of the ECMH prophet, but alas not borne out by the reality of investing in this kind of bear market. Trickling out intercepts won't give you any uplift when the market is driven by fear and loathing like this one. You no doubt are used to markets that always go up: when any announcement is a good announcement. I on the other hand have fond memories of the last couple of bear markets and shallow window dressing announcements don't count for anything. We need a solid, diligenced, 3-figured JORC resource coupled with a US$20/lb rise in the spot price, and we'll be laughing. If the stuff just isn't there, or the global reactor build out slows dramatically (to me this is the biggest risk), we will do our dough.