Hi Grant, totally agree .. here are some rough numbers which...

Hi Grant, totally agree .. here are some rough numbers which confirm DYL is "An Absolute Giveaway"

Tubas and Tumas tenements Namibia have an historic NON-JORC estimate of 18,000 tonnes of uranium

Aussinanis tenement Namibia of which only 25% was drilled for an historic NON-JORC estimate of 7,000 tonnes, so if 25% has 7,000 tonnes then we can assume 100% has 28,000 tonnes (ie. 4 x 7,000)

So 18,000 tonnes plus 28,000 tonnes equals 46,000 tonnes in total based on historic drilling which is NON-JORC

Now from DYL's June 2006 quarterly activities report they state that based on their own drilling to date in Namibia ".... uranium assay results are almost 50% higher !"

So 46,000 tonnes plus 50% increase = 69,000 tonnes

69,000 tonnes x 2240 pounds to the tonne = 154.5 million pounds of uranium

Now with 1,200,000,000 shares on issue @ 30 cents each equals a market cap of $360 million, less cash on hand of $63 million equals net $297 million

so the 154.5 million pounds of uranium is worth $297 million at around current prices, that fellow investors puts a value of $1.92 per pound of uranium in the ground

yes you can presently buy deep yellow for less that $2 per pound of uranium based on the above assumptions

DYL is "An Absolute Giveaway"

Cheers to all the long term holders