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Extract Resources Limited T.EXT



TSX:EXT - Post by User

Bullboard Posts
Comment by rotten2coreon Feb 04, 2008 10:34am
103 Views
Post# 14313486

RE: Initial Resource Estimate?

RE: Initial Resource Estimate?I wouldn't be so bold as to expect 30 Million pounds for the initial. Don't get me wrong, Extract will definitely get there but throwing out numbers like that so early in the campaign can only lead to dissapontments. I will be happy with anything in the 24M lbs range. The company announced a few weeks back that they would only be including 80% of the Garnet Valley drilling in the Maiden Resource Statement. They we're initially targetting 30M lbs so 30 X .8 = 24 M lbs. But who knows, that was before they found those extraordinary grades which they are delaying the initial resource statement to include. One thing is for sure, these guys are sitting on alot of U and with some of the high grades recently released (which are not typical at all for Namibia), they will eventually prove up a HUGE resource and be on all the big boy's radars. All in good time boys.
Bullboard Posts