GREY:UEXCF - Post by User
Comment by
MegaMAxTZon Apr 01, 2019 11:49am
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Post# 29564001
RE:RE:RE:Work in progress
RE:RE:RE:Work in progressI agree with you noro1234 - but my point not that I am any expert that is for sure, but drill holes cost money and each and every hole must be thoroughly vetted. A lot of 15+ year old data is being used to define the WB property right now. Drilling for Uranium back then and not even testing for Cobalt at the time.
Results drive news - all I am saying is that one hole tested for almost 10.0 % Cobalt years ago. That is a global high grade result. Why and where did it come from ??? Just drill one hole in almost the exact same spot to confirm the 10.0 % was not an error that is all. Would be worth the money for that one duplicate hole out of the 120+ new holes.
But maybe they did and the fourth and fifth tranche will support those 10.0 % values. You are likely correct that indeed a high profile comany/analyst is watching closely. But when one negotiates as a very small company with Billion dollar miners, watch out and must be smart and crafty and do not give the house away.
MM