RE: RE: News- More High Grade Uranium Includin First of all, I guess everybody just wants to see the big numbers from PLS13-51 and PLS13-53 but I myself thought these results were pretty darn decent. You don't need 10% uranium in order for it to be economic.
Highlights include:
- Hole PLS13-037 (line 025W) intersected multiple intervals of mineralization totaling 23m including:
- 7.5m grading 2.25% U3O8 (71.0m-78.5m)
- 2.0m grading 6.31% U3O8 (105.0m -- 107.0m)
- 2.0m grading 12.4% U3O8 (120.0m -- 122.0m)
- Hole PLS13-027 (line 025W) intersected:
- 37.5m (61.0m-98.5m) grading 1.17% U3O8, including:
- 13.0m of 1.97% U3O8 (78.0m -- 91.0m)
- Hole PLS13-029 (Line 025W) intersected:
- 30.0m (63.0m-93.0m) grading 0.76% U3O8, including:
- 3.5m grading 3.57% U3O8 and a further 3.5m grading 2.08% U3O8
Second, I do not believe there is a commodity other than uranium that lends such insight into anticipated results before actual assays are received. And despite this, I'm not sure people give it proper attention. Assay results for holes drilled at R00E are now received for up to PLS13-037. When you look at scint results already provided, you can see that not a single one of these had at least a full metre of continuous off-scale mineralization. Compare this to holes for which assays have yet to be received. There remain four holes which have intersected greater than a metre of off-scale mineralization. It's possible that several if not all four of these holes will exceed the best results received to date for holes at the R00E zone.
| Hole ID | From (m) | To (m) | Interval (m) | CPS (Maximum) |
| PLS13-041 | 83.5 | 86.75 | 3.25 | 9999 |
| PLS13-043 | 83.5 | 86.86 | 3.36 | 9999 |
| PLS13-049 | 70 | 72.65 | 2.65 | 9999 |
| PLS13-052 | 84.52 | 88.5 | 3.98 | 9999 |
And then of course, results pending for PLS13-51 and PLS13-53, the latter with no less than four intervals of greater than a metre having off-scale mineralization, are almost certain to be in a whole other league. But that's another story.
| Hole ID | From (m) | To (m) | Interval (m) | CPS (Maximum) |
| PLS13-051 | 107 | 118.5 | 11.5 | 9999 |
| PLS13-053 | 85.15 | 87.4 | 2.25 | 9999 |
| PLS13-053 | 87.9 | 89.6 | 1.7 | 9999 |
| PLS13-053 | 95.5 | 104.4 | 8.9 | 9999 |
| PLS13-053 | 130 | 131.4 | 1.4 | 9999 |
So whether this sell-off is due to the end of drilling being announced, a Black–Scholes pricing model, or just a very short-sighted review of results announced this morning I'm guessing this will be looked back on as a temporary buying opportunity.