AGS 0.00% 17.5¢ alliance resources limited

snippit, page-10

  1. 5,939 Posts.
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    Logic tells me that if it always underestimated then the underestimation could be taken into account to come up with the "correct" number.

    We have a JORC resource. There is no confusion with what is in the ground.

    There is still a little bit of debate over the JORC process too.

    It's an inexact science.

    Relax the latest of latest technology has been thrown at Four Mile to determine the extent of the mineralisation.

    As for RNU being a takeover target. Not yet. I think Quasar would have picked up that ground if they thought it was worthy.

    It maybe considered to be not so prospective because it is a distance from the Mount Painter Domain which is considered to be the source of the uranim for Four Mile and Beverley. Also a few hydraulic barriers probably exist between the MPD and RNU's ground.

    Don't know what the geology of the RNU ground is. There maybe other factors pointing to it being prospective for uranium but I am clueless re this stuff anyway.
 
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