dfs and then, page-9

Hi Chawkey

Permiting aside, which is obviously an absolute must have, two things come to mind; the markets medium term expectation for the price of U and also the DFS showing a nice chunk of our sizeable inferred resource having been moved over to indicated. In the short term, I think the latter is more important. That said, if the price of U appreciably jumped up tomorrow, I daresay most U companies would see an immediate benefit.

If the DFS shows we now have somewhere around 20Mlbs in the indicated and measured categories, unless the medium to long term price of U is deemed to be horrendous (unlikely) at the time of the DFS's release, this should not only make funding reasonably easy to come by, I think it 'would' assist the SP.

One other possible positive sp catalyst in the short term is Site 45 at Karoo. If we do get on/in there soon, and the results are as anticipated by HQ, this 'could' be a cork popper.

Regards
RM