AXY atom energy limited

breakout coming, page-2

  1. 214 Posts.
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    Hi there Affect

    I too beleive we are about to have a serious breakout.

    Looks like it wants to go and soon as even when the price is weak, there is buying coming in to support. I imagine that early next year we will see the resource upgraded to over 500koz and moved to a higher JORC standing.

    Interesting to note, my broker has just returned from a field trip to the KAl North project and was impressed with what he saw and heard from the GEO's

    In short, he said to me the following....I hope I dont get in trouble for writing in on here but I feel everyone should know.

    Resource estimate due early new year and hopeful of smashing 500koz

    Two drill rigs on site, one RC and one Dimaond.

    Massive project, surprised by the sheer size of it with about a half dozen pits on the property that were mined back in the 80's

    Targets only previously drilled down to about 50m, this round of drilling will go down to 200m+

    Massive tailings dump that could be used as feed to beef up tonnage as was discarded when the price was $450oz

    Many options for toll treatment just a stones throw away

    All infrastructure within a short distance (sealed road, Rail line and electricity)

    He was impressed with the knowledge and enthusiasm for the project of the two Geo's David Hamlyn and John Price (EX NGF) who both have alot of mining experience in the goldfields.

    Hope this helps

 
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