Just to make it more confusing, Rossing South is so big and such a low Opex that it becomes strategic in nature.
Like Cigar Lake, like Olympic Dam, if you control these resources you can control the world price of the commodity. You can lower production to raise the price and when explorers have spent fortunes finding where resources and where they are not, you can ramp up production to bring the price down and send the little guys broke, only to snap up their leases once they are out of the way.
The big boys will want to make sure their competitors do NOT control Rossing South, they will want to make sure they control it.
Time will tell, but I think you will all be surprised what we get for our shares once the dust settles.
EXT Price at posting:
$7.86 Sentiment: Buy Disclosure: Held
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