To reach that 20m lbs of high grade what could that look like ?
Its not hard to imagine, that each of the blocks with one drill, could be fattened with more drills to contribute to the MRE non jorc at present. Seems there it is perhaps, you fatten those cows, potentially leads you to the level of milk you need in the vat to make the case to be among the developers. Yet also the potential to explore outside of known bulls eyes. As well acquire more blocks.
This has to be one of the best cases you could mount, a pathway to go from obscurity, to developer valuation, and already given the fertile locations to drill out. To what extent is the cow next paddock to be fattened to the same degree as the one which was drilled out, is yet to be seen.
But what is apparent for my betting, is that this uranium darling to be, is currently in the obscurity of a failed copper jacket.
When that cover comes off, and the sector sees the newsflow, FOMO for a 10-12m mc, come multiples BET provides a king tide surge to potential free carry.
Which comes first ? the market becomes alerted ? or the tranche 2 supply ? either way, anything at this ball park seems a fair bet, that market discovery has a significant buoyancy to play its part.
He did mention there were 10 other operating U mines in Kaz, would be good to see their locations when he gets the maps together. And their grades, and their valuations. All good peers for the market to consider.
Not investment advice.
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To reach that 20m lbs of high grade what could that look like...
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