re: jorc has landed safely - no it hasnt Please can one advise me how is the procedure undertaken by PNN any different from MTN.
MTN's JORC compliant report was far more detailed containing maps, diagrams showing mineralisation in each drill hole to complement its data.
In addition, MTN in their 2nd August 2005 announcement, had tables for some of their holes detailing the uranium grades for each interval of the hole.
On the 26th September ann, PNN were very shallow in their report, giving 2.1% Uranium grades for one of their prospects without giving the thickness interval of that grade.
I have no problem with the manner PNN have made the announcement asit has followed the same path as MTN. That is, estimating the resource on previous explorers drilling.
However, MTN's announcement are much more detailed. In addition, MTN grades and tonnage estimates are far more superor. Mind you, MTN still have not come up with an estimate for a few of their deposits yet, such as Hoginkson and Painter.
DYOR but Id rather much rather have my money on MTN.
Drilling is commencing in 2 weeks at MTN also.
Best of luck to those who hold though
Cheers
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