Peter mc did state that they EXT would compare notes down the track with RIO, but as you say its not a given a J/V will occur, as I have stated previously, with a promotion to the ASX200 in June the fund managers are going to need shares to balance their portfolios, the price of our shares will be in the range of $6-$7 by that time, as long as we have a JORC Res in the area of 220- 250 Million Ibs of U, not counting IDA DOME,as stated at the conference there will be a upgrade of this resource, in saying that I hope that they have finally drilled around our SUPER HOLE GD012.
The trouble with RIO`s resource is that the pit has to be stripped back from the very top that is a long way when you consider Rossing is 350 Metres deep the cost would be phenomenal, and that my friends is why RIO have taken a percentage of us, $$$$$$$$$$$$$$$ min.
The mention of AREVA by Peter Mcintyre made me chuckle.
IMHO the presentation was brilliant and I personally congratulate the Management on their Professionalism.
Simmo
EXT Price at posting:
$3.02 Sentiment: LT Buy Disclosure: Held
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