RE:RE:RE:Don’t Like This ActionLaphroig wrote: Yes U3O8, I guess most of us suspect they didn't hit on a few of the most recent holes. Its a stretch to believe that Dev would delay putting out good numbers. That being said, his "managing expectations" video makes sense to me. I'll wait 90 days and 20 holes to see how they do. Actually, I'll probably hang on after that considering the quality of their claims and experience. Besides, there aren't many companies that have drilled 59% uranium in a discovery hole and on the hunt for more.
The problem with having the first discovery hole at 59% high grade is that peoples' expectations are that 59% is now the standard to beat. What most people don't understand is that uranium exploring is a whole lot different than most commodity exploring. ISO had 3 very high grade holes, but it took them 200 holes to get to finalize a deposit of 50 million pounds. Bottom line, F3 is going to get some great holes and some not so great holes. It will take them more than their 20 hole winter program to determine if they have a deposit, but they will have some good idea after 20. I know they had a whole lot of excitement with their last financing.
Most EXPERTS agree that you don't have a hole of 59% high grade without a whole lot more to find.. Time will tell, but I have bought more and will continue to buy if it pulls back at all.