Bigrlyi is around 400kms northwest of Alics Springs. Or are you referring to something else?
From EME website:
"licenses located approximately 390 km northwest of Alice Springs"
And yes you are right, JRL has never mined...they prove it or lose it as you put it. Which is a positive in my mind...too many juniors out there hang onto projects (and the costs involved) because they are too scared to tell the market its rubbish.
AGS is MUCH closer to production, I admit that, but on a comparative resource/market capitalisation basis (Refer recent post), I maintain EME provides better long term upside. In terms of grade, AGS has a higher grade (I Admit until I took a closer look today I didnt realise it was that high) but much of its deposit is deeper (costs more to develop) and EME has significant vanadium credits which would probably get the uranium equivalent grade close to AGS's, my previous estiamte was around 0.2% uranium equivalent - so compare to AGS's target of .23% to .28%.
Cdchi1
EME Price at posting:
45.0¢ Sentiment: LT Buy Disclosure: Not Held
