TOE 5.45% 29.0¢ toro energy limited

re: Ann: Toro's First Exploration Target ... Far too early to...

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  1. 15,765 Posts.
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    re: Ann: Toro's First Exploration Target ... Far too early to tell heres some key variables:

    Is the material recoverable by ISL/ISR?

    Does the material end up as a resource then reserve which means fit for mining?

    That latter is influenced by the uranium price.

    My view is the grade will be okay given the U price forwards.

    As for the of first question they're are doing some work on it. There must be a chance given it's in a paleochannel (old watercourse).

    I'm not an expert but I've got at least two ISL stocks and some met & geo training. Taken in conjunction with previous answer it looks ok so far and a second string to the bow.
 
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