Thanks mate. I like this one as good value in comparison to others like AGE which went for a run recently until the U price climb stalled. Yes Mary River is a punt there is no doubt about that. As the POPE said when discussing it "life is a gamble". A couple of years ago environmental concerns were a big part of calculations in getting Mary River producing again.
However as Australia comes out of this covid recession no Government is going to knock back mining approvals-especially where mining has already taken place. Also in the daily papers today Queensland Miner New Hope is taking a swipe at the environmental lobby for delaying vital mining applications-the propaganda war has begun.
I have read the historical mining reports for Mary River. The Queensland State appointed geologist commented on the" hit and miss" techniques of the miners. A bit like Eclipses first exploratory drilling. So IMO there is hope of finding a resource.
As far as goats and camels. old saying.." a loaf of bread , a jug of wine.....and a tethered goat....' or something like that.
Another spike in the U price would be helpful for EPM.
Take it easy
Regards Chicken.
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