CTS contact uranium limited

ann... quarterly operational review, page-15

  1. 3,731 Posts.
    S Kid, I think you are getting closer, but not exactly.

    The 1mt 3200ppm is not a given. It is just an inferred resource. Could be more, could be less. The measured resource has much higher confidence. But You need to drill in great density to prove it.

    Imaging if they have conducted dense drilling around know resources, upgraded into indicated and measured resource, and did a brief scope study to confirm it economically vialble.

    Then drill a couple of spare holes away from it, and make an ann such as 70m at 400ppm from surface, including 19m at 2000ppm...

    I am pretty sure CTS will still have a lot of cash left, and share price at worst will be mid-50s.
 
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