Welcome vespasian - I too am in today after several days of...

Welcome vespasian - I too am in today after several days of pondering over a late night red - as I know you appreciate from our interactions with Simon Mottram and FCN.

On this occasion I am hoping that as your namesake witnessed many exciting times in the colosseum, we will witness a great event unfolding here.

What caught my eye was "Mineralisation at Yeelirrie shows a very strong response in radiometric data. Similarly,a number of granites and other areas of calcrete throughout the region show strong responses.
Radiometric surveys are an excellent method for locating exposed uranium mineralisation, but are extremely limited in defining mineralisation under cover. Generally, around 30 cm of non-radiogenic cover (such as regular soil) is enough to obscure the radiogenic signature of underlying mineralisation. Given the low relief of the Yeelirrie Valley and the strongly weathered nature of outcrop, the potential for buried mineralisation of a number of styles is considered to be high."

That is geology talk for "lots of blue sky" - and capitalised at <$5 mill. So I would add "very little downside"

Ah, I've been wrong before but with HC contributors like Qantum and vespasian already in, I couldn't resist throwing a bit this way.

Buying was easy today as someone kept rolling them out at 1.1c but when word gets around and the seller runs dry and results start to land - away we may go!

We could stay alive just by selling BHP's runoffs - but where there is smoke there is fire.(not far below the surface either)