DYL 0.00% $1.46 deep yellow limited

Simon, nothing about production date from the company...

  1. 564 Posts.
    Simon, nothing about production date from the company announcements as far as I am aware, DYL is only an explorer - they have not even proved up a minable JORC resource yet, let alone completed a bankable feasibility.

    The Namibian deposit looks the most promising and there has been no drilling on this deposit for 20 years. When Paladin bought Langer Heinrich in 2002 with 1970 - 80's drillings the Mineable Resource was 11,155 tonnes U(3)O(8). http://stocknessmonster.com/news-item?S=PDN&E=ASX&N=233026

    Now Paladin have drilled out Langer Hendrick (which is only about 16 km from DYL’s Reptile deposit) and increased the U308 to about 47,800 tonnes. http://sa.iguana2.com/cache/5d328e2e47c8efa6bfb14102e5e9d753/ASX-PDN-343186.pdf

    If DYL can do a PDN and achieve a similar 4.5 times increase in U308 resource estimate from their Reptile deposit imagine the huge upside potential from here.

    So it is the Reptile deposit in Namibia I expect the company to advance to production first – but as for a production date, well my best guess is if they do a deal with PDN (10%+ shareholder) to process some ore through their mill – then all going well, perhaps DYL could be in production within 2 years.
 
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