You people are insane.
This is some soil sampling.
They could have found the same thing with a scintillometer reading. Hot rocks giving off high PPM reading doesn't mean you've got a massive uranium deposit. That's just not how it works. Considerable drilling needs to take place and there's a good chance they come up with sweet f* all.
Market cap at $50m now means they best delineate a 50m lb high grade resource of this stock will drop 95%.
My suspicion is the latter will occur.
Ann: Soil Grades up to 74,997 ppm U3O8 (7.5%) at Portland Creek, page-481
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Last
59.5¢ |
Change
-0.025(4.03%) |
Mkt cap ! $22.60M | |||
| Open | High | Low | Value | Volume |
| 62.5¢ | 63.0¢ | 59.0¢ | $46.63K | 76.31K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 10064 | 59.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 60.0¢ | 1568 | 1 |
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| Last trade - 15.59pm 23/08/2024 (20 minute delay) ? |
| I88 (ASX) Chart |