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Juaq94

1,080 Posts.

41

02/06/20

08:20

Post #: 44974023
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Originally posted by GoldBugBob: ↑

GED

I bought this because it is capped at $3.5M, has $800K in cash and some of the highest grade gold in the LFB.
2 quarts reefs tracked for up to 1km each, one averaging 68g/t Au. Take an auger rig out and you will be guaranteed to intercept some bonanza shallow grades on first pass.

However I read some speculation they might have some Uranium tenements too. So I spent some time reading their annual report and it's correct.

GED own 80% of the Huab Uranium Project.

Check their annual report from last year
https://www.asx.com.au/asxpdf/20191028/pdf/449z1pmsr6pt0k.pdf

Here is the original announcement
https://www.asx.com.au/asxpdf/20120514/pdf/4267w7nc4x8gct.pdf

You often find Uranium alongside Vanadium so there could be uranium potential on their other tenements also.

I am purely in GED for the LFB gold tenements as theirs look like the some of the best for early big grades but this news will bring some Uranium bulls buying I think.

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Gold and Uranium both very attractive at the moment

Should see further move up on GED, has soaked up last few days and looks ready to go with volume
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