MNS 0.00% 4.2¢ magnis energy technologies ltd

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  1. 4,768 Posts.
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    UNX is drilling and pitting on a massive "catchment system" at Lake Bahi which is some 45 x 25 kms in size. There are ancient paleochannels and dried up lakes within the catchment area. UNX is already reporting distribution of U within the "black soils" that "top-of" the catchment areas. These ancient systems carry U (you can see some of the yellowcake dug out of the pitting by their work crews on their website).

    We do not yet have formal confirmation of yellowcake buried within the channels BUT when that happens this puppy will jump. IF there is yellow cake in the soils (enough to dig out with shovels) then something pretty major is going on AND IMHO is also buried in the ancient river systems and lakes. Go and look for yourself. The U will appear as "layers" IF grades as high as several kilos per tonne are present UNX will go into orbit. Typically grades are lower i.e. Yeelirrie in WA is more typical BUT that one is owned by BHP and holds over 50,000 tonnes of U.
 
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