I have reported here exactly what I know to be fact:
1. Harts Range has four areas which have above background grades of U3O8. These have been reported by THR from their sampling, and I had in 1966 collected U samples from all of these areas.
2. The U3O8 grades of Daicos range between 1% and 19% as reported by THR.This is likely to be a smaller sized but very rich deposit which I rate highly to be a future mine.
3. The grades at Bundey River are lower but the potential orebody is very much larger. The break -even U grade for Bundey would probably 1000 ppm U3O8. [Keep in mind that 10,000ppm = 1%]. 1% has an in the ground value of some $A1,300.
4. I hear that the recent drilling programme at Bundey for uranium has been completed, and that the drill chip samples are at the assay office.
Naturally, I am anxious and keen, for the share market cap of THR is only $23 million atm.
We are assured of a progress report within the next 3 weeks. Conix
THR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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