From ann "strategy of acquiring proven good economic grade mineralization properties has resulted in it acquiring 12 new uranium leases" ... "Jim Malone, Executive Chairman, commented. We anticipate further leasing announcements in the short term regarding our Texas program, and believe the financial impact of such will be reflected in the market place, Malone continued."
It would seem the strategy is either 1) to ramp up the sp based on having lots and lots of potential, or 2) to embark on a very long slow development (because of having so many tenements requiring time and money).
Their track record empasises a focus on corporate development(option 1) over mine development(option 2).
Their statement highlights a preference for fast-track ISR-type developments, hinting at option 2, but is this just part of option 1.
Options not mutually excusive of course, and (2) can be funded by (1).
MRO Price at posting:
7.8¢ Sentiment: None Disclosure: Held
