I think they are awaiting assays for a few holes and any assays they do have are too sub-economic to report.
They basically look to be saying that they have drilled favourable geological units for hosting U3O8 deposits and that the geophysical surveys also support the argument that they are in the right areas. They indicate that the results justify further exploration drilling in the area.
Nothing announced will put a rocket under the shareprice but at least the prospectivity of the area is enhanced by the results.
The results and company approach look like they are positioning themselves to parcel off the project after a bit more drilling rather than going for broke themselves?
MFE Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
