I have attached below an extract of statements made by analyst Warwick Grigor. The statement is part of a news release by Aura Energy.
“Exploration in Uranium is Bound to Disappoint
What is notable about the uranium exploration sector
is that very few companies are actually doing
meaningful exploration. There is copious talk of
radiometric anomalies and selective surface sampling
but most companies have not tested the targets with
the rotary lie-detector yet. Many issues await
explorationists in the sector more than most people
appreciate.
Whilst we are re-stating the obvious here, for many
experienced players, there is merit in reminding
investors of the cycles that are too often ignored.”
This is an excellent comment and very well suited to the Uranium exploration sector. It inspires the investor to disregard hype and accept only fact.
Results obtained as a result of samples obtained by the “rotary lie-detector’ are the only credible source of data.
For CUU Uranium discovery in their SA tenement is the principle reason for the formation of the new company. It is by far their principle source of potential revenue.
CUU have taken their first “lie-detector” test and failed dismally.
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