With the release this morning that drilling has commenced at Ngalia we can now sit back and relax with the knowledge that Ngalia will be the one project that will move THX into the big league.
It is plain from the SP price that investors have not cottoned onto the potential of Ngalia and have perhaps been too influenced by the bearish news on Uranium.
For Uranium stocks to shine in this market they need to find something spectacular and in my mind that is just what Ngalia will produce.
THX have kicked a big goal and the big company talent scouts are out their closely watching to see if the goals keep coming.
With over 400 lines kilometres of prospective paleochannels identified coupled with drilling already intersecting signigicant uranium mineralsation of up to 1,798 ppm U3O8 why wouldnt us shareholders be excited.
Results should follow on a regular basis as they will be logging the holes with gamma sampling. This is fairly accurate and if fact some companies prefer this type of analysis ahead of chemical assays that can be mixed.
All that but there is more. This type of deposit can be mined by insitu recovery (ISR) if you want to know more about this method google will find some good examples.
Stand by, this stock could fly.
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