A very strange post macrae12 - are you a shareholder?
Why put SUCH a negative spin on the company. The history of the company's issued capital is neither here nor there. The facts now are the facts now - issued capital of 600m odd shares and 100m options (strike 0.045 Feb 2011) + a very few others - why bring up the cheap shares issued a million years ago - are you holding a grudge?
Spelling mistakes? Read their last quarterly, their last corporate presentation - list the spelling mistakes???
Low grade - do you know anything about grades and cut-offs?
They have 132mt @ 0.027% (using 0.01% cutoff) or 36.9mt @ 0.059% (using a 0.025% cut off). As an aside, the Langer Heinrich deposit in Namibia grades 0.06% at a 0.025% cut-off.
By definition, you can only get 'reserves' after completing a BFS (bankable feasiblility) which follows a scoping study and a PFS (pre feasibility study).....
They are infill drilling now (to get an indicated and then measured resource) as well as continuing with exploration between the exciting Boyer deposit south to the Hansen North deposit? Heard of the JORC Code sunshine?
Low grade (my God you are talking rubbish Macrae12) - the current plan is to underground mine initially 300k-500ktpa at a grade of 0.12% - 0.15% U3O8.
That grade equates to roughly 12 g/t gold at current gold and uranium prices.
What is your agenda here by making up all this misinformation?
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