is that for real?

In today's announcement re: A Capital Raising, for further Exploration For Phosphate in their Georgina Basin (NT) Projects (several), inter alia, they mention that they had initial phosphate intersections of between 27% and 30%!!!!
Can that % be correct? The stock is only trading at around 4 cents, AND: If these initial % intersections are to be further materialise in their forthcoming extensive (they say, they will only concentrate on Phosphate Exploration in their NT tenements, for the whole 2011) Phosphate drilling then....Well....The Stock will be much higher than 4 cents!!!

Worth a Punt at these levels, methinks. The Address (Georgina Basin NT) is Definitely one of the Most Sought After for Phosphate-Potash, and the SP is ridiculously low.....Considering other companies with much much lower Phosphate (and Potash) %, have a Market capitalisation....One needs ....Binoculars to see it, standing at the Level where NUP is Right now...

Cheers:))