Dhuy I wouldnt be too concerned as moderate risk is no higher...

Dhuy I wouldnt be too concerned as moderate risk is no higher then WA is now It wont affect the share price or outlook for the stock, what matters is bringing it to JORC , if they achieve that together with the rapidly increasing interest in Uranium stocks we will see some very substantial gains - multi bagger -

As you say he is probably just being overly conservative and we are talking broad subjective categories anyway. He is probably just taking into account the interacting levels of state and fed regulation in the US which is exactly the same as we face in WA, SA and NT. The state of Wyoming itself under the current governor looks like a great jurisdiction to be in. The game here is to work out what this could be worth with a JORC resource in the context of the current or improved uranium sector/spot price and considering the necessary cap raisings/cash levels