MRU 0.00% $7.00 mantra resources limited

re: Ann: Initial Resource of 35.9 Million Pou... Hello sle,I`ve...

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  1. 951 Posts.
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    re: Ann: Initial Resource of 35.9 Million Pou... Hello sle,

    I`ve got a similar impression.


    IMO should be a favourable Resource against many other, because:

    -shallow depth -biggest parts of the resource up to 60m depth(max. depth about 79m)

    -they told about low Strip-Ratios, can`t found more about it

    -minimum thickness about 2m, max. 41m, dry bulk density about 2

    -resource to source about an area of 9km2(mainresource 6km2), but the radiometrics show an prospective area about 100km2((!!) see page 9: www.stocknessmonster.com/news-item?S=MRU&E=ASX&N=437116 , IMO looks very interesting), with an additional 33 "high priority" Targets

    -mineralisation remains open in all directions &at depth

    -if you take a look at the 10 individual zones, looks like a relative homogeneously Resource to me

    -metallurgical results at this time show an recovery >90%

    -78% of holes mineralised

    -Tanzania is pro U-mining

    -reasonable Cashposition with 25M A$


    IMO there could be an excellent resource(expansion)potenzial &interesting potential future Cash Costs.


    Any views??


    Popeye
 
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