entitlements, page-3

Glowinthedark

Perspective Yes indeed

Raise nearly $20million for something yet to proved - Fact

Suck more than half out after the float to leave less than $10million - Still for something yet to be proven

If it is proven it will be worth approx $180 million in situ (If my calculations are correct)

So what will production costs be (including plant) Who knows. But I would suggest to you that they are not going to mine something with such a poor insitu value. Simply can't make money.

So it is simply an exploration play pure and simple. Nothing more, nothing less. They found Gas, but it's not economical. Even if they proove this Uranium resource up, where have they got too. No where because how can it be economical.

So perspective indeed - its a round about.

GS need this float to get away purely to stay operational. They need the $3.3million cash.

Once again perspective indeed!