someone dumped 1,000,000 shares today, page-5

turbo

They drilled down deeper into the resource rather than extending it which will have the effect of increasing its size

We are expecting an increased JORC resource under the indicated or referred categories (can't remember which) - but the highlight I believe will be the grade of the resource which will be toward 1% - Windamurra works on .4% and are located only 70K's away so would could be a walk up start

The company tells me this will provide them with enough hard data to be able to market the resource and find a JV or buyer (most likely in my view the second)

Yellow Rock needs to change its name to put some distance between it and the previous management/history and to reflect that Uranium will not be their main focus

In essence - as you have noted 3.5 mill in the bank - no need to do more drilling to get a result and a market cap of 7.6 million - the outcome becomes simple - unless Vanadium is worthless (which of course it is not) then the resource in the ground even at the inferred stage is worth many multiples of today?s market cap

e.g. If the resource is worth $130,000,000 - divide that by 319,026,205 shares and 110,500,000 options and 80,000,000 partly paid shares (Total 509,526,205) then that equates to 25 cents a share plus there would be a further $10,847,000 raised through the excising of the options and partly paid shares

Clyde

Only my opinion ramblings - DYOR