Hello saggy
I know a little about uranium, perhaps enough to be dangerous ;-)
Mulga rocks may indeed be free dig and near surface etc - if it is lignite hosted it is bound to be!
I just know Areva were very skeptical about this deposit. At least some of the uranium is bound in carbonaceous material and will need to be "burned off". Areva were of the view that no one has really made this kind of extraction work commercially, hence their doubt.
I am not saying "forget it this one's a dog". Just saying to the punters out there: be careful and watch the metallurgy very carefully.
I am not trying to get cheap shares - I am not interested in this stock. Just thought people would be interested to know what is not on the radar screen of many people when they consider this deposit.
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