Ann: Quarterly Activities Report , page-3

Highlights:

- 17 drill rigs (that is huge compared to any other explorer);
- Enough cash to continue at the present accelerated rate of exploration for two years
- Infill drilling will have much of the resource move to the Indicated category for the next JORC update (3Q) and to the Proven and Probable categories for the DFS (4Q)
- Extensive areas showing promise include the western limb of Zones 1 and 2, and the southern extensions
- Other areas showing promise include Salem and the area north of Salem, Ida Dome and the Uis leases.

Current share price values uranium on the ground at less than US$3 per lb, which is below many junior explorers which range up to US$6 per lb.