positive news

Just reposting flashmax's post from ii in the UK. This guy seems close to management:

" Been away for a few weeks and watched this carnage from afar. Suffice to say i'm not surprised given the euphoria of a couple of months ago with price at 11-12p. This is high risk exploration and not everything goes according to plan. BUT the current level offers value when you consider-
- there will be a JORC and U inventory will increase from current 12.5m lbs.
- current drilling is well underway and i know that batches are already at the lab in Perth.
- the word is that hand held readings at drilling on new targets are consistent and encouraging.
- Firawa resource is halfway through meturllugical testing to establish whether the U is conducive to heap leach extraction. If the answer is yes then we have best case scenario for a cheap operation at Firawa.
- consider 2-3m lbs pa could be operating in under 2 years= gross $120-150m pa, mine life 5-6 years and potential to double the reasource.
- Areva are still keen- subject to results of course.

So current SP basically reflects a weak and panicked retail market. I bought more today and i know a few big guys did last week. "