tightly held, page-26

re: tightly held yoko agreed saracen. i disagree with comparing with pdn. paladin's mine is quite world class and large in terms of production profile. there are no firm plans of when BLR gets into production.

JORC is only 1/2 of the story really, and even their jorc at 10-15mil pounds is small - roughly 4000-5000t.

Valuing the in ground value at current uranium prices doesn't really work. If we valued it on target jorc/''potential'', then Summit's market cap would probably be 2 billion, but it isn't is it. bannerman's mkt cap would be over 3billion but it isn't is it. They have to prove it up first. All these companies face the same problem of labour/drill rig shortages and a further shortage of labs/analysis ppl to write the reports.