I think there will be a second U announcement following in Sep/Oct to review the increased information from the 3 drill rigs running around Taylor. Reading between the lines of the first ann it was 24 million pounds of mineable U (cut off of 0.25% U) but probably based on old drilling information with a few new drill points. I expect the newer information will expand the mineable amount up to 30 mill pounds. It is disappointing that they went for the headline based on the much lower 0.1% cut off.
Off the topic ROY has claimed U areas around the Taylor area.... Is this something to worry about with expansion or to be happy about?
BLR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
