re: sentiment improving
Hopefully somebody can answer my post today:
Yellowcake or others, can somebody tell me exactly how this whole thing with the Radium Hill mine started. Was it only from this Journalist contacting Kennedy himself? Becuase the Monday announcement didn't mention anything about it being easy and processing it at Port Pirie.
On another note, this is what PNN say about their uranium:
An independent study commissioned by CRA Exploration in 1992 reported a resource of more than 10 million tonnes at an average grade of 0.5 kilograms per tonne uranium oxide to a maximum depth of 100 metres over an area of approximately four square kilometres. The study also reported a separate high grade resource of 67,000 tonnes grading 3.7kg/t uranium oxide at Mt Victoria.
Now thats over 5000t U308, exactly the same size target DYL is aiming to prove up at Napperby. They have a market cap of $65M!!! They are actually drilling, but Crooker Well is meant to have 1000 holes in it, more than DYL are drilling. So, PNN should prove up a similar target, hopefully, they have 26M shares on issue and another 21M escrowed, so either way a market cap of $16M or $28M. If JORC is this week, and the uranium bubble doesn't burst tonight, I'd be expecting PNN to put in some hard yards next week.
PNN Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
