The two Erongo radiometric anomalies measure approximately (1) 35 kms long by 5-10 kms wide (2) 15 kms x 10 kms. By comparison with Langer Heinrich radiometric signature the Erongo radiometrics are about 10 to 20 times larger. By comparison with Rossing they are about 3 times larger.
This does NOT mean that they have a U deposit, only that the first signs are extremely positive. Typically airborne radiometrics pick up gamma rays from an exposed U source, even a very shallow cover of a few inches of dirt can mask the signal. IMHO the speculation in ERN shares may get heated. Current market cap is around $19,500,000 undiluted so ERN could easily double or triple IF the market is prepared to punt on the size of the raiometric signatures.
ERN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
