when in doubt listen to ubull

when in doubt listen to ubull he can expalain things a lot better than me

Insert ubull coments here
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Hi Everyone,
I have some numbers you maybe interested in.

Everybody is clearly dissappointed with the delay in the JORC.

I say Big Funky Deal.

Please also note that the area of the JORC is EXTREMELY SMALL!
in fact from my calculations the JORC'd Area will be 0.37sqkm

Lets not take our eyes off the big picture. The mineralised area is 10sqkm and growing rapidly.

Exploration drilling has recommenced and over the coming months we will see this resource grow to 11, 12, 15 sqkm and possibly much, much more.

Please also note that holes AK165 - 195..... Actually there are 24 Holes that do not have PFN Data. Most of these holes will NOT be included in the JORC.

So holy moly how many tonnes do we have left?


Only 600m x 600m JORC.

Thats just 3.7% of the total mineralised area.

Then 24 Holes of High Grade Mineralisation left out!

Yeouch I am getting scared.

My best estimate is there is 20,300t of Uranium just in that very very small area.
Accuracy is around +/- 10%

Please do your own research.
I am in no way qualified or have the exact information to do a JORC Estimate.

There is a big exploration upside coming, as the drills spin for the rest of this year.
This initial JORC is just the beginning.
This resource will grow, and grow, and grow, as the price of uranium goes ever upwards.

Lots of stop losses triggered today, as sellers leave due to the delayed JORC.
This has created a mild panic and an air of uncertanty.

Some reasons for being in AGS are
Best Uranium Discovery in 30 Years
Massive potential for further discoveries and resource expansion.
Existing Uranium miner as a partner.
Will be the first new uranium mine in Australia.

The fundamentals have not changed.

This initial JORC is just a tiny piece to a much larger story.

Another 96% of the total known mineralised area still to be JORC'd

Deposit is open on many sides.
The known mineralisation could have another 5sqkm added this year.

Which means by the end of this year the initial JORC would only cover 2.5% of the total mineralised area.
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end ubull