They've got a number of good possible uranium prospects, of which Thunderball is one that appears to be of particular interest.
Early days, but some very interesting shows to date.
If they can keep getting those high grades, when they start drilling, we might find it can be turned into a small high grade cash making resource.I'd like to think with all the prospects in the N.T there's potential for something big.
There are a few companies looking for uranium to satisfy all the new nuclear power stations coming on stream over the coming years.
N.T is user friendly as far as uranium goes and this is one of the main areas the company is going to put money into.
Also Uranium appears to have reasonable upside, as far as price is concerned for the next few years.
If they strike something reasonably good there will be parties watching very closely looking for possible T/O's.
2009 could just be the year.
Regards Dabru
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