The trouble with having such large areas to work over it takes a lot of man hrs to explore it properly and many more dollars to drill it. Not saying it won't work out, but there can be a lot of heart ache before it does. The grades aren't fantastic in those newly acquired tenements and there is nothing to suggest all those anomalies will amount to a profitable outcome when you bear in mind that historically you need grades 1.2 and above to make money. I'd like to see what happens to that resource if the cut off grades are pushed up from 0.5gm/t to 1gm/t.
MEU Price at posting:
4.5¢ Sentiment: Hold Disclosure: Held
