Doesn't look like they are progressing them all at once. The sands and Uranium projects are waiting for administrative issues to be cleared up, so the company is focusing on proving up the gold resource at Blackwood which looks very promising - there's about 2 quarters of funding runway and the ground is currently being prepared for about 3 weeks of drilling to start in mid-November so I reckon that leaves a bit of time for results to get back and the SP to have a little bounce before we need to go to a raise.
A friend mentioned that they are aiming to appoint an general manager for the sands project once the lease is secured and it would be an easy project to bring to production because of the quality of the silica there.
The uranium project would be the cherry on top. If they are able to bring the other 2 projects to resource and either to sale or production then this will take care of itself.
CXU Price at posting:
2.8¢ Sentiment: Buy Disclosure: Held
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