It shows just how expensive capital is these days - 2.5c -...

It shows just how expensive capital is these days - 2.5c - begging bowl stuff - M24 has shown itself to be a commodity chaser - NiCoPGMs, then clay hosted REE and then Li but not yet explored and now U in canada.

there are those Co who lead and go into exploration with a concept and commodity to chase - ie a ENR and there are those who seem to go with the flavour of the month

M24 is one of the later and the chances are this is not a successful strategy as often u are picking up ground that is often peripheral to the main areas of interest that have been taken up by the majors or those other Co that have had a concept and taken early position in greenfield areas to discover mines.

It would seem this U target belongs to one of those peripheral zones

i hope we are successful here - but in terms of strategy i dont believe it is the right way to go