uranium exploration australia hopes

The chances of a takeover are of course very slim as UXA have just a limited silver resource at present and nothing else, except hope.

If the silver find is found to extend to the 3Km and 6km holes, from SH1 that is, and this continues at shallow levels, then they may look for a partner to fund the project. Let's not forget that the silver found is only good at shallow levels.

The deeper drilling may find gold, copper and Uranium. If mineable quantities are found then UXA will be seen as a very cheap stock indeed, on the other hand, if no further silver is found and nothing else, UXA could slip back to the 16 cent - 20 cent range.