THR in its 28 May report foreshadowed that the 2,500m of air-core drilling for uranium at Harts Range [Bundey River ]would be completed by the end of next week.
The results of this drilling are of huge interest, because uranium is well known to occur at Bundey River. It is simply a matter of whether this current drilling has disclosed mineral grades sufficiently rich to warrant more detailed follow up drilling and later orebody development.
The tonnage possibilities of these "roll front" structures are very large indeed. If grades are rich enough these results will be a share price elevator. That elusive $2 per share that I speak about would capitalise THR at only some $460 million. Very small compared with possible cash flows. Conix
THR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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