And it is for this reason JimJim, that they currently have 11 rigs on site and a strategic plan to take each zone into the neccessary state to cover themselves should a takeover come early.
Whilst I am not quite sure without going through the announcements (you can if you choose too) as to how many rigs are in each zone but zone 1 is kept as a single orebody as it is taken through the inferred to proven stages. Other rigs are taken into different zones to find them in order to prevent them being given away for free.
There is a lot of work to be done on this lease and that is for sure, however, I dont think the estimated amounts of pounds in the ground made by posters here are exaggerated but definitely will need time.
Time is something that I have plenty of. In about one year when the company has taken 700 million pounds (thats my current opinion and open to change) to the indicated stage and the price of uranium is hopefully rising again, the true value of this ground will finally be starting to be realised.
I have said this before and I would appreciate if Gero would put his comparison to ERA back up for the newbies to read (or at least a link).............Over $20 per share will be easily achieved in my opinion. But what would I know, I am just a girl.
By the way, the lowest form of confidence is not inferred in my opinion, it is trench sampling LOL also the most volatile for share price movement.
Hopefully the new rigs that management are trying to source wont be too far away
Harlee
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