------------------------------------------------------------------------------------------- ......"With both Zones 1 & 2 open along strike and down-dip we are confident that Extract has the ground and potential to deliver on Kalahari's estimates of a resource in the region of
500 M.lbs U3O8.".......... ---------------------------------------------------------------------------------------------- How long it will take to define a 500mlb resource I don't know but they sure are moving rapidly. 7 rigs currently and 1 analyst saying that drilling is expected to expand to 12 rigs!
I see on the Development schedule (P19 in the latest presentation mentioned by harlee) that they intend to keep drilling zones 1 & 2 til the 2nd quarter next year!
Peter McIntyre seems to always under promise and over deliver. Mark Hohnen on the other hand continually presents a much more bullish scenario and doesn't seem to have been "muzzled". Seems to me that all main parties (Extract,Kalahari,and Polo)believe 500 is achievable)
IMO,if there is a takeover,it will be based on a valuation of no less than 500 mlb.
Cheers!
EXT Price at posting:
$7.75 Sentiment: Hold Disclosure: Held
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