so what's ags worth?, page-8

Just to add a bit more.

Thought of this as I was walking up to Subway to buy a roast chicken breast sub. LOL

The Eyre formation is considered a very good aquifer as oppossed to the Namba Formation which is somewhat more of an aquitard.

I'm thinking that as Heathgate developed an understanding of the Eyre Formation they possibly didn't keep AGS informed of what they discovered prospectivity wise and therefore they were being misleading and deceptive!

In the Pepegoona Aquifer Simulations Report (page 63) it states the following:

"The instrument and methodology developed in this study enables us to describe geochemical processes in the Eyre aquifer. On this fundament, in combination with extended knowledge about the real aquifer conditions (observations, experimental data), new investigations can be done easily and the forecast can be refined."

http://www.pir.sa.gov.au/__data/assets/pdf_file/0010/131113/App_I_Geochemistry_-_Bev_Nth_-_final.pdf

This to me shows that Heathgate were developing a good understanding of the Eyre Formation which is relevant to AGS and EL3666. Just how much of this information was of a benefit to Heathgate in aquiring a 75% interest in EL3666?

On another note which I think moseley has mentioned previously. It looks as though there is a good correlation between the further south you go in the Paralana Embayment (contained within the Frome Basin) then the higher the levels of uranium mineralisation.

Four Mile South. Is it there? How big could it be?