Its difficult to agree that it is profit taking. Considering the...

Its difficult to agree that it is profit taking. Considering the downtrend from 16c in April to 9c earlier this week. The volume is also quite low.

IMO the market is not overly excited about this just yet. The methods of prospecting used 30 years ago are still very similar for most elements today- Get a rig and drill a hole analyze results. They are not looking for Uranium which of course the prospecting methods have changed some what.

Remembering they didn't find a lot back then so until some results become available this could only move on the fact that BHP and the GSE team have a belief that there is some good deposits to be had.

For me it will be sometime before this runs toward 16 cents again.

I hope i am wrong and it moves sooner than later, however i am here for the full story on this so if it takes another 6-9-12 months thats ok.