JCTRAD,
There's a lot read through.
After the share placement, there will be enough cash to fund the exploration program for 2 years. The grades must be at least 100 ppm to make money. Clayton basin has 6 holes with grades above 100ppm. One hole has 897ppm. All 6 holes were no deeper than 22.5 metres.
They don't yet know if there is enough uranium in the ground, but they do know that what they have found at Clayton so far is shallow and relatively cheap to recover.
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JCTRAD,There's a lot read through.After the share placement,...
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Peter Batten, MD
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