resource potential of urm

I have been researching prospective phosphate regions since Minemakers' spectacular performance. MAK have a head start on other phosphate specs, as they already have a JORC thanks to RIO.

Uramet on the other hand, are a new kid on the block. Formed only a year ago from a diamond exploration company Elkedra Diamonds, they have virtually been handed the most prospective parts of the NT for exploration.

If you read the report below it confirms the potential of these tenements
GEOLOGY AND RESOURCE POTENTIAL OF THE SOUTHERN GEORGINA BASIN EXTENDED ABSTRACT


"The central Georgina Basin contains world-class phosphorite deposits. Minor occurrences in Middle Cambrian carbonate shelf areas in the southern basin indicate that this area is also prospective, but it has not been systematically explored.Much of the southern Georgina Basin is currently under tenure for diamond exploration (by ElkedraDiamonds NL)

Uramet have the listed below tenements that are prospective for a range of minerals including phosphate, zinc, lead, magnesium and uranium.

EL26025
SEL24769
EL25366
EL24693
EL22537
EL25367
EL25574
EL25573
EL25610
EL25993
EL25992

Uramets phosphate tenements are comfortably nested immediately west of Legend's phosphate operations.

CORRECTION
The issue price was 20c.
The number of shares on issue is: 61,898,500
The current SP is: 16c
The current MC is: $9,903,760
They have approx $4,000,000 in the bank

The market has valued:
a newly discovered, potential phosphate resource
with excellent grab samples and scout drilling results
who are also next door to Legend International(LGDI.OB)
Legend have gone up from $2 to $4 in the past month

THE MARKET RECKONS MINUS $2,475,940

What the hell is going on? Whoever was accumulating today is picking up the bargain of the year, REALLY!