langer heinrich vs beverley 4 mile

In response to Opaldiggers post which mysteriously disappeared.


Some perspective for all.

Should we compare Langer Heinrich to 4 Mile.
No not really.

But if the graphic in the AGS presentation help demonstrate that the mineralisation is over a wide area then it has performed its purpose.

Drill results so far at Beverley 4 Mile, show that the deposit is much richer, softer, and more wide spread than Langer Heinrich. However Langer Heinrich is thicker, more shallow and the grades are far poorer.

Can we say with any certanty how much Uranium is at Beverley 4 mile. To JORC Code you certainly cannot.

However there are enough drill holes to give you a fair guess.

A fair guess is our advantage.
We are buying now with the fair guess that there will be approx 70,000t plus of Uranium once all the drilling is completed.

All indications are this is a very big rich deposit.
Nobody knows how big.
However most geos are talking conservatively 35,000t minimum, and willing to bet their left one on it.
Thats as the deposit stands without drilling the open areas of the deposit, and assuming the very rich holes were anomolous and were excluded from their calculations.

When the JORC Report is released in the second half of this year the share price will be a lot more than 40c.

As for the measuring of the holes.
There has been a lot of controversy regarding Uranium Grades and testing. (Deep Yellows experience is a good example).
Gamma Ray logging is a rather old fashioned way of measuring Uranium grades.
Gamma ray logging can be inaccurate because it does not measure Gamma Rays from Uranium.

It actually measures Gamma Rays from a number of Isotopes other than Uranium and uses a natural relationship between Uranium Radioactive decay and the presence of Gamma rays caused by these Isotopes.

Gamma Ray readings could indicate high levels of Thorium, and their could in fact be very little Uranium Present at all.
The amount of Uranium versus Thorium is then measured in the lab. To determine how much of the radiation can be attributed to the existence of each.

Complicated isn't it!

Well Thank Goodness Thats all old hat!
You will notice many of the holes at beverley 4 mile have been tested using PFN. (Prompt Fission Neutron)

This is new and extremely accurate.
Much more accurate than standard lab results as done by Deep Yellow.
Accuracy is around +/-.001% of Uranium
Readings can be made immediately.

So how does it work.
Well out of the US Defence department spending.
Someone has created a Neutron Generator.
Its a non-nuclear device, and does not contain any radioactive material.
Special permission was needed to import the device, and presumeably Iraq does not have access to this technology.

It releases neutrons at a measurable rate, The neutrons split the U235 Atoms (creating a mini nuclear reaction!). Extra Neutrons are emitted as a result of the split.
A neutron detector then detects the amount of free neutrons.
The more Uranium in the soil the more atoms are split.
Releasing more Neutrons.

So the Prompt Fission Neutron device is very accurate because it directly measures the only naturally occurring fissile material Uranium 235 in the ground.

In Summary
The deposit is very wide spread.
The deposit is high grade.
The deposit is open on many sides and could be much larger.
The Drill holes are accurate.
The most conservative Non JORC Compliant best guesses seem to start at 25,000t, with 35,000t more common.
The most optimistic Non JORC Guesses are 100,000t Plus.

The Resource is there!
The share price is 40c.

If you are waiting for the JORC Report to prove it, the Share price will be considerably higher, start thinking $2

The time to buy is now, before the JORC Report is released.

There are enough holes to confirm this is a very big deposit. Exactly how big we will have to wait.

More drill holes will be released throughout 2006.
Good news will flow throughout the year.

Alliance is well and truly a takeover target.

The Presentation at the Australian Explorers Conference, the initiation of a preliminary mining study.
JORC Report Coming.

The Board of Alliance appear to have changed direction and are gearing this up to be sold.
An offer for Alliance could be tomorrow, or 6 months away.
One thing for certain, you do not want to be out of Alliance with a day trade when the takeover gets announced.