Boys and Girls, hows it feel when your selected stock has just...

Boys and Girls, hows it feel when your selected stock has just told the World your lease has just grown by a massive 37% ?

This kind of news you done't see everyday, in fact rarely do you read it, and then comes some more the exciting facts, like,

Only Zones 1 and 2 (AND THERE ARE AT LEAST 4 OTHER publicly known zones, todate) now has a 20 year plus mine life.

The grades have been increased to 518 from 497

The total contained U increased by 42%

AND to top it all, there is a reduction in the strip ratio of 18%

The increase in reserves, this surely must place Extract now in position number 2 (and looking at being in position number 1 in the near future) in the World with these kinds of increases,

But wait, there is more, said the good salesmen,

PLUS there is more to come from other know zones, namely Middle Dome, Pizzaro and Salem.
This latest Report also supplied us with a clue to these new zones, 'promising exploration results". Promising results, when people are judging Extract kind of grades/results from drilling, little/average grades that other Companys lease contain, just fall into nothing against Extract's grade. These will be most interesting to read in the future.

But wait, there is even more,

A thought first, have you noticed, the zone known as Salem, keeps coming up, the drilling results we have seen, seem to suggest a high grade core/ hole kind of area, with lesser results around this core area, why I wonder.

Now has a 20 year plus mine life, PLUS, does this suggest there will be another up-grade coming from Zone 1 and 2 ?

But wait, there is even more,

The grades have been increased to 518 from 497

Couple the above to reduction in the strip ratio.
Bluntly, this suggests its going to be cheaper to mine, to extract the U from the rock, which in turn suggests the time delay in mining will be reduced and the overall cost will be lower.

Which indicates more profit from this mining venture.

But wait, there could be even more,

Has anybody noticed DYL's lastest report on their drilling, the area where Extract and DYL's leases connect, now I would suggest, interested people read DLY's report and then take a look at Extract's lease, then the magnetic images, yes the wonderfully coloured one from Extract, and wonder if the flow of U breaing mateial runs all the way through Extract right into DYL's.

This would suggest.........
Guess thats enough,FOR NOW, as we don't have any steak knifes for you :)))))))))

And now, todays S/P must be the gift of the century for even people that are to lazy to read.