Well maybe not an uppercut, but I think you'd be mad to sell...

Well maybe not an uppercut, but I think you'd be mad to sell after this positive announrcement

Yes this announcement disappointed a little in terms of the JORC number right now but as 29101971 said (and according to my calculations) the resource is looking fantastic.

Here is my take on what we could potentially have:

1. With all Coffey discounts - 72.2mlbs

2. Increase Inferred resource grades back to 234ppm in line with indicated resource - 83.3mlbs

3. Remove Coffey 85% discount on Inferred resource - 95.7mlbs

4. Add in increase in resource down to 400metres (assume same as first 300m) - 127.3mlbs

5. Add in an extra 300m nth/sth extension - 144.6mlbs

6. I will ignore the uranophane mineralisation for now


I've derisked Coffey's assumptions on the inferred resource, assumed the resource fully continues down to 400m and that we'd get an extra 300m in strike length and we get 144.6mlbs (this is probably the upside IMO that we can expect without uranophane). For the record what % of Rossing's total resource is uranophane?

We need what 100mlbs to get a mine...lol the resource is there guaranteed...no wonder Batten is starting the BFS in February...it's locked in, just waiting on damned assay results and some more drilling!