RE: Highland Project.....newkid
Hey newkid......good weekend had by all??? Mine was wonderful.
You bring up a good point......I think it has to do with their recent surprise decision to Joint venture the 100% owned Highland Project and focus completely on the 100% owned Massive Uranium Deposit!!!
IMO.....In order to make Highland more attractive to a JV Partner they chose to not quantify the resource at this time opting to let the JV Partner do some infill drilling and historical confirmation or whatever and then an update to the Report showing a Resource could be shared by and benefit both parties.
I'm thinking that there would have been a Resource estimate included if the decision to keep it 100% owned had been made. There is after all over 10,000 metres drilled by Pele and 20,000 metres drilled historical and a 10,000 tonne Bulk Sample. More than enough drilling and blasting to get a Resource of some sort.
Add into this the fact that The Talisker Kimberlite Dyke Diamond Occurance is on this property and is drilled enough to extend it for over 1.2 kilometres and you shoud get a JV with some pretty nice terms........
.......in other words a strategic decision was made to JV Highland and focus on the U3O8 mine development to help benefit shareholders in the long run. All IMHO of course.