re: price prediction and follow up
Anderson deposit is still open. Resource estimate: 4.7 mill pounds U (2.31 lbs/tonne) http://sa.iguana2.com/cache/980abd6a3c609b103402aaf5233a6db2/ASX-SMM-356677.pdf
A JORC compliant resource estimate is also being released for Summit’s 100% owned Watta uranium deposit. In addition, resource estimates are being modelled and calculated for Summit’s 100% owned Bikini, Mirrioola and Warwai uranium deposits with further drilling currently underway at Bikini and Mirrioola. Further drilling is required at Tjilpa before resource estimation can be commenced.
All Summit’s eight Mount Isa uranium deposits being drilled remain open and resource drilling will continue during 2007 on each of the Company’s uranium deposits to further expand and define the size and tenor of the contained resources.
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WATTA Resources: http://sa.iguana2.com/cache/45298dfc304ee48a4d79e3fec2be77a1/ASX-SMM-356678.pdf 3.8 mill lbs of U (0.9 lbs/tonne).
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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