EXT excite technology services ltd

Highlights:- 17 drill rigs (that is huge compared to any other...

  1. 798 Posts.
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    Highlights:

    - 17 drill rigs (that is huge compared to any other explorer);
    - Enough cash to continue at the present accelerated rate of exploration for two years
    - Infill drilling will have much of the resource move to the Indicated category for the next JORC update (3Q) and to the Proven and Probable categories for the DFS (4Q)
    - Extensive areas showing promise include the western limb of Zones 1 and 2, and the southern extensions
    - Other areas showing promise include Salem and the area north of Salem, Ida Dome and the Uis leases.

    Current share price values uranium on the ground at less than US$3 per lb, which is below many junior explorers which range up to US$6 per lb.
 
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