westaussie
With those initial excellent uranium results from Allamber, when the uranium companies begin to turn around, THX must be due a good re-rating.
I can see the company wanting to do a lot more drilling on this prospect....the results so far have certainly gained attention from management.
I've seen a number of articles recently stating uranium companies are set for a upward movement in their share prices.
Hopefully it won't be to long befoer we start to see an increase in interest.
I've put an excerpt from the recent ASX announcement on the 7 Dec below:
Thundelarra is pleased to report that drilling at the Company’s 100% owned Allamber Project in the
Northern Territory has intersected significant uranium mineralisation over extensive widths.
Hole TAL053RC – 38 metres at 527 ppm U3O8 including 9 metres at 1,457 ppm U3O8
Hole TAL062RC – 42 metres at 611 ppm U3O8 including 8 metres at 1,579 ppm U3O8
Hole TAL063RC – 21 metres at 682 ppm U3O8 including 9 metres at 1,055 ppm U3O8
Mineralisation remains open along strike and down dip
Extensive zones of highly anomalous copper also present.
----------
Also don't forget Ngalia Basin.
With interest re-building in the supply needs of uranium over the next few years, there must be one or two companies interested in a JV arrangement...as there's a few hundred kilometres of untested paleo-channels waiting to be tested.
I just hope things turn out a bit better for us in 2012.
2011 is one of those years I want to forget about.
Regards
Dabru
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