Your post is absolutely correct and conservative IMO.
If one looks at the radiometrics to the south of Zones 1 and 2 it is a reasonable assumption that there is another 5 km of resource at least maybe more.
However your valuation does not take any of this area into account.
The JORC measured resource could IMO apperoach 5 to 6 million lbs.
Time will tell.
DYOR all the info you need is in the EXT published data.
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Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
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Price($) | Vol. | No. |
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6 | 1936740 | 0.010 |
4 | 1610000 | 0.009 |
5 | 2099994 | 0.008 |
4 | 647992 | 0.007 |
Price($) | Vol. | No. |
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0.013 | 6690230 | 8 |
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