OKU 5.26% 15.0¢ oklo resources limited

OKU discussion, page-23

  1. 6,851 Posts.
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    One of these deposits is larger than the PIR one. That is the one they are getting good gold hits on in the bedrock. The bedrock is only 8-10m under cover and hence the auger work. There will be no shortage of willing buyers for this deposit. They are surrounded by big mines and some need more feed stock to keep operating. OKU also looks to have satellite deposits across some of this ground. They are very tasty little treats. Those sorts of things bring hundreds of thousands of ounces at good grades and can easily be feed into a plant and add ounces. There is likely to be a monster sitting under here somewhere, but i don't think we will have to wait long to find it. Imagine if its another PIR? The stock will be in the dollars and i dont expect any met issues at all.
    PIR attracted a $600m bid in a difficult market, so its fair to say that it might become a very hot stock on some deeper hits. I can imagine B2 or another decent operator taking this out for the feed stock. Why build another plant when they are within 15km of one.
    This also looks like funds are buying now, the volume and action is growing with each slice of news. There is plenty of drilling and news to come from this outfit. dyor
 
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