The BOM ann to be released (presumably) to the ASX later this morning
http://www.bondimining.com.au/news/BOM_140507.pdf
is in parts somewhat ambiguously worded and needs to be read very carefully
eg "Bondi plans to acquire three area plays in districts in the Northern Territory and Queensland with high prospectivity, proven mineralisation and existing high grade intersections"
It is the districts which contain the proven mineralisation and existing high grade intersections, the tenements BOM is acquiring contain untested (but it must be said, highly prospective) targets.
The paragraph referring to the Lake Amadeus and Lake Neal projects "with strong potential for calcrete-hosted mineralization" includes a figure of 165 million lbs, but this is the total for such mineralisation in the whole of Australia, not so much nearology as incontinents LOL
It is great news for BOM holders (I have a few) but way too early to be crunching any numbers
Cheers
Add to My Watchlist
What is My Watchlist?