elehant droppings in elephany country...

  1. 15,276 Posts.
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    Many have canned UXA's latest results as insignificant...

    Probably the same people who said AUM was expensive at $1.00, because "they had nothing!"...lol

    UXA may well have nothing commercial...yet...their silver grades are hardly company making on their own (so far), but when you find significant and wide spread silver mineralisation in this "jungle", one needs to take notice.

    We now have confirmation that conducive geology obviously exists here...and finding silver in this neck of the woods, over so wide an area, effectievey by accident when searching for other targets, in my opinion is like a big red flag!

    Remember, MNR drilled just one hole, with relatively low grade results, but enough to send their shares into orbit.

    The key was potential size and the implications of such results in this particular "jungle".

    So...has the market reaction been on the back of fairly sh!t results...or has UXA effectively found elephant droppings in elephant country?

    It's very early days, so one needs to view UXA as an entirely speculative proposition...but correct me if I am wrong when I suggest that, it would appear from the limited data to date that they are in effect finding a wide spread silver halo over their uranium targets?

    Is it possible this is result may well be as clear as day to some, while the rest of the market simply don't get it yet?

    Cheers!
 
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