If they can find ore at only 100m x 100m x 100m (which is quite small) for an orebody averaging say 1% (10,000ppm) then this equates to 27,000T U3O8. This is more than BB and PB combined and something like 5x as much as the resource they plan on targeting in western BB...for something that size! This is the target at BB in the granite. Don't tell me that's uneconomic, it's the ONLY target making BB economic.
This project has all the hall marks of a significant target. Unconformity mineralisation, epithermal alteration and veining. Uranium mineralisation in epithermal veins directly beneath the high grade unconformity minrealisation. Then you have an operator that ignores it all and targets to mine the geochemical signature in the sediment.
I would not claiming praise for Alligator. They have done nothing to prove competence and expertise. Their saving grace is the acquisition of a new project that gets people excited during a fortunate period of U price appreciation. A bear market will hurt this company.
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