Quarterly activities report seems to confirm mt suspicions. I see UIS getting spun off by years end. Now with the financials, estimates, yearly, norman green etc out of the way the serious work can really get rolling. lets see just how big the high grade alaskite west of zone 3 is. At those grades it wont take much to tack on another 150 million lbs.
QUarterly also didnt even try to shy away from the fact that z1 and 2 connect. so far its an 8kmx2kmx400meter superpit.
If I were china id just toss the twent offer right now and throw in the development aid to get a nuclear plant and desal plant going. India already threw Namibia a 100 million loan at .5% over 10 years so the game is already on.
With only 2 million population, if namibia handles rossing souths development right they could easily become the wealthiest nation in africa.
The strategic importance of rossing south (i still say it ends up 1 billion lbs) cannot be understated. I will be shocked if we arent bought out by christmas. If they hold out any longer the new estimates will come out and well be sitting on 600 million lbs with over half of that as measured resources.
one last point thats gone totally overlooked. now in addition to the olympic dam shortfall (3 million lbs estimate by me) paladin just lowered their guidance between 500k and 1 million lbs.
so why dont you all quit squabbling over the traders vs holders situation. who cares!!! somebody post some info or opinion on my uis idea already!!!! thats where well be creating value from low hanging fruit.
EXT Price at posting:
$8.32 Sentiment: Buy Disclosure: Held
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