I dont think enough has been talked about on their grades. For a mine to be commercial we need grades of at least 0.25% (this is the average grade for PDN's Langer mine I believe). 0.25% is the minimum really and excellent grades are considered to be in excess of 0.3%. Ext's average grades are not great. They are in early stages which is granted.
41 metres at 0.361 kg/t U3O8
* HDD005 - 8 metres at 2.316 kg/t U3O8
6 metres at 0.890 kg/t U3O8
14 metres at 1.063 kg/t U3O8 (including 11 metres at
1.337 kg/t).
Compare these to AGS-
* 9.0 metres grading 0.66% eU3O8;
* 5.5 metres grading 0.16% eU3O8;
* 3.5 metres grading 0.25% eU3O8; and
* 2.0 metres grading 0.36% eU3O8.
If the grades were unbelievable like Deltra suggests why wouldn't it be reflected in the share price when they announced them? There was a pop and then back down to 7c...
I dont think enough has been talked about on their grades. For a...
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