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Originally posted by samcharlotte77
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No idea, had a similar plan to you and you can see how that turned out. If GTR are adamant about staying in the Uranium sector I would prefer them to get a potentially prospective lease in Australia and wildcat drill and waste shareholders money drilling in Australia. Australia known Uranium resources are the Worlds largest and the third largest producer of Uranium in the world. If they don’t get decent uranium grades, there potential they may hit something else and shareholders could strike gold and become the Beverly Hillbillies. I just can’t see the point wasting funds they don’t have to continue drilling this year in tenements we already know are low grade and not economically feasible to mine simply to increase reserves. Obviously it’s a condition of maintaining the lease a minimum spend per year on exploration so the company has no alternative. But if it’s so great why dont GTR do a JV with a major so they are free carried until production.
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And you hold....Come oooonn....Australia....
In Australia, uranium mining is currently allowed only in the Northern Territory, South Australia and Western Australia with exploration allowed in New South Wales. ...Uranium mining occurs in other states but has been prohibited by the WA government since 2017 . Four remote operations were given exceptions from the ban as they were approved before Labor got back into power earlier that year.16 Mar 2024
....Shite scared to arm our knew future Gold standard Subs with Neuclear Weapons and thats with the threat of China at our doors....What a laugh.....GTR is in right in the thick of the Yanks plan to do with out Russian supplies.
(20min delay)
