RE: Great News - going to $2.50 maybe $3.00 FROM THE NEWS RELEASE .....
These historic uranium estimates at Kalnica and Selec were limited to areas within and adjacent to the adits and significant areas with uranium mineralization were not included in the calculations because UP decided to abandon the area in 1984 before such estimates could be made.
Thus, in the Kalnica zone, only five mineralized bodies occurring within the first 200 metres of the adits 60 and 61 were included in the historic resource calculation while another ten mineralized bodies situated to the north-east of the calculated block were not included in the estimate, although they were all well defined by many intersections in the adits, cross cuts and by surface and underground drillings.
Furthermore, at Kalnica, Selec and Krajna Dolina zones, many drill holes with significant mineralization situated outside the calculated blocks were not used in the historic resource calculations even though exploration works and geological interpretations indicated structural and grade continuity between these holes and the mineralization inside the calculated blocks.
//// they are saying that only a portion of the zones were used in the resource estimates....other areas with "significant" mineralization were note included by UP in their (UP) calculations, because they abandoned the project in 1984 due to low uranium prices. This looks very good, that there is a lot more U308 to prove up.