fellowme, My thoughts with you. But I disagree with you about the excellent management etc and etc.
Look, I have to go back to check what the JORC resources, there are a few numbers around, you just don't know which one is the right one.
Also todays drilling results are poorly published. I just don't know what the company want to achieve. It is not the right way to increase resource by lower the cut-off grade to 50ppm.
It comes to my conclusion, the original resources model might, could be a phony one. It is very possible, because the type of deposit is "Volcanic Deposit". There are some isolated high grade bubbles around, like gold nuggets. But if you assume the whole area has the similar grade, you could be very disappointed. Todays drilling results might confirm my early suspicious.
Having said that, I could be totally wrong. But I have to balance the risk/reward, mate.
Good luck.
- Forums
- ASX - By Stock
- CTS
- dear richard napier
CTS
contact uranium limited
dear richard napier, page-3
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)