gone to the keeper...but not for long, page-7

Nice exchange there, HS and Reichman.

It seems as though negotiations [with the landowners] are in progress and are expected to be finalized early in the next quarter.

Further to which: preliminary geological studies have estimated a combined exploration potential in the Karoo of 30-60m tonnes @700 – 1,400ppm eU3O8 for 90 – 150m lbs eU3O8.

The Company’s objective over the next 14 months is to delineate 30Mlbs of eU3O8 (15-25m tonnes @ 700–1,400ppm eU3O8). The sources of this include the historic mineral occurrences, their extensions and new exploration targets.

If this is achieved a conceptual study has suggested that this quantity of uranium would support the development of a central processing facility near Site 29.

Not earth-shattering, but PEN is no CVI (as some would have us believe).

CVI was an accident waiting to happen.

As Lloyd Bentsen said to Dan Quayle (comparing his time in Congress to the late JFK) in the 1988 United States vice-presidential debate:

Senator, I served with Jack Kennedy, I knew Jack Kennedy, Jack Kennedy was a friend of mine. Senator, you're no Jack Kennedy. `I knew John Kennedy, and you're no John Kennedy.'


Just as no two exploration companies were created equal, CVI is no PEN.