Well this caught my attention this morning in the latest release: The Prospect already hosts a maiden Inferred Mineral Resource estimate (‘MRE‘) of 35.9 million pounds U3O8 reported in accordance with the JORC Code (refer ASX Announcement dated 2 February 2009). This MRE covers only nine square kilometres of the approximately 100 square kilometres comprising the Nyota Prospect. The drilling to date has essentially identified approximately four million pounds of U3O8 per square kilometre drilled.
That would mean that there is possibly 400 million pounds!
MRU Price at posting:
$2.65 Sentiment: LT Buy Disclosure: Held
