What was the source of the grapevine, Japanese or Chinese...

What was the source of the grapevine, Japanese or Chinese companies?

Alternatively was it from someone at or near PDN?

They seem to have enough cash for about another 13mths so another drill season, resource upgrade, pre-feasibility and some stray results from 100% ground.

Capital costs were around $70m for Bigrlyi so EME's share is around the $36m mark against a current resource of 23m lbs (EME 12m lbs give or take). With U3O8 around the USD$53 and long term contracts higher (for arguments sake USD$60/lb) we are looking at or around USD$720m resource (EME's share).

Cash costs on open cut + heap leach should be low $20's but say $25/lb

So about USD$420m in cashflows over 10-12yrs.

Converting to AUD using 80c then AUD$525m

Current market cap is $60m undiluted.

Clearly higher U assumptions make this all a little sexier bit it is still a viable project at lower prices, something that you can't say about other hopefuls.

They will need more funding but the question is in what form, clearly they want a premium for control of Bigrlyi hence i would expect them to put a high price on that. I would expect a lower price for a seat at the table for off-take with EME maintaining control.

I find it hard to believe they will struggle to fund the project if they push the button.