good reading from the quarterly report last night, now that they...

good reading from the quarterly report last night, now that they own 100% of the Peru uranium project they are sitting on over $1 billion worth of high grade surface uranium mineralisation. With plenty of upside potential to significantly expand the resource, just waiting drilling approvals with 2 drill rigs available to go straight away.

The most important thing about the Peru deposit is that it is at surface and very very high grade, so very little waste and low mining cost.

Once drilling resumes will be re-rated higher in anticipation of further high grade results and also the possibility of very quick lead time into a mining operation.