I went thru anouncments few times over , here is my take:
1. Marmota is doind something on Lake Frome ( rock chip sampling) - significance of Iron Ore result had to be reported since it was encountered - hoever focus is on URANIUM ; I guess Uranium sample results should come as well !? Empahasis that grades are CONSISTENTLY Grater then 52% FE is quite nice - extra bonus ( from all 25 samples we have these grade over 52% FE) - i think it is significant! This is just a bonus to whatever we can have in Uranium space .
2. They should be comming with JORC soon now , i do not uderstand why it is taking that while - but prepared to wait ; we know drill results from first two drill copaign , so number should be good;
3. 3rd phase of drill will start late March on Junction dam;
4. Melton will be drilled late Feb -
MEU Price at posting:
9.6¢ Sentiment: Buy Disclosure: Held
