Afternoon all...
Got some good news... greg called and had a good convo with him outlining fewthings . the bad news is, if you are not holding AGE then you are missingout... reason i say this is because this year will re-rate age in a big way istrongly feel .... below are questions and answers i put together .
* With the latest drilling results at samphire and current resource there, what is required to upgrade the resource estimate after drilling stage ? alsowhat timeframe do you expect it will take to upgrade this estimate ?
what they are working on now is data compilation and detail of historicalresults and data they done to make sure is up to standard. Then they aregoing to tackle resource modeling to begin June ( towards end of 2nd qtr ) My guess Q3 we will have an upgrade ( july- sep )
*With the NabarlekNorth tenement package, especially so close to U40 prospect, is the companyplanning to drill this year in this area ? . The U40 prospect interests me dueto its very high grade and within close proximity to world class mines.
Geophysics first then they intend to drill in this region. This is for 2nd halfof this year provided that no covid restrictions . They will be focusingon a broader area for drilling. *With the USA Congress trying to Ban Russian Uranium.How much do you think that could push up the Price ofUranium?
Greg thinks that theprice of uranium is currently shifting to hgher ground as market is slowly digesting this probability already. No price was mentioned. In an event ofconflict , like the one we are currently going through in Europe, utilities will begin to diversify their buying of uranium from several companies as they may be more nervous buying from European regions close to conflict.
*Does management have atarget year in mind to start mining operations/production at samphire
They do have a idea internally and are developing a plan. Given the widefactors that can influence this , they don't want to mislead shareholders. Theywill announce this once they have a more accurate timeline.
*What is the short, and long term plans for Piedmont Project in NorthernItaly, is a sale of this assets a possibility or is the companylooking for a partner to potentially
mine this area in future .
Geophysics survaysthey are going to do , and are engaged with strategic partners that potentially want to join to fund this project. They think it’s a good asset as a exploration target but are open to any possibility’s here.
To me , everything is running to plan ... great drilling results as announced last week .. further drilling to come from NT in few months .. management are in this for the long term to create shareholder wealth . The team is in it to win it .. They will produce uranium one day .. this is the goal .. it will be some hard work and us shareholders have to be patient and ride the wave as we have been since 1c .. Many companies would dream to be in the Alligators shoes . Until we do produce our first pound, there will be far more shareholder wealth created via resource upgrades / acquisitions / and further drilling.
thanks all and happy days
(20min delay)