RE: results from the first 3 holesThis thing has also traded in unappealing ways since I've watched it. Mr. Drill; I'm curious, if one accepts the rough resource calculations you offered as a fair and reasonable interpetion of the results (not suggesting it isn't by the way) what is the likelyhood of a deposit of that size being developed?
I find one of the tricker wickets to be moving my analysis of these things beyond whether a particular prospect has an economically viable business on its proven, inferred or even prospective resource base, in isolation....as opposed to their prospects in the real world of significant numbers of strategic competitors, many of which are chasing different sized pies...
Seems to me, and I'm no expert yet, that a lot of uranium comes from big deposits and farily mega sized projects...if so, what is the likelyhood that...I don't know, pick a number...50 new uranium deposits are being mined 10 years from now...how many will be digging for deposits of this size?...uranium isn't rare, it's just hard to find good concentrated mineable grades...if elephant deposits are going to rule the next decade, then at what size does a play become a trunck wagging peanut eater versus a floppy eared weak-kneed Dumbo?