ATQ atomic resources limited

Ann: BFS and Reserve Resource Update , page-4

  1. 202 Posts.
    The announcement of a maiden JORC reserve of 40 million tonnes should more than make up for any disapointment about the 18% resource upgrade.

    A mineable reserve is significantly more valuable than a mineral resource.

    When you add the Exploration Target at Mbuyura/Mkapa to the 251Mt resource at Mbalawala you get either 411Mt or 611Mt, which is a major increase whichever way you look at it.

    ATQ has committed to drilling more holes to prove up additional resources at Mbuyura/ Mkapa, and I think it would be unwise to sell off now, with the BFS due to be released very shortly.

    It's just my opinion.
 
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