SIM has a very large number of leases with paleochannel deposits on their leases or nearby in all of the hottest U areas in SA, NT and WA.
SIM are currently drilling out Bennnet Well in WA which is next door to Paladin's deposit at Mayingee. My crude guesstimate is that they are drilling out somewhere between 10-30,000,000 pounds of U at Bennet Well. This calculation is based on 4,000 m 1500 m x 1.5 m depth at a grade of around a pound per tonne.
They start drilling in NT next to Deep Yellow's Napperby project and in SA next to Beverly, Honeymoon. Running an EM Survey there also. This one is only worth $18.7 million and could easily double / triple in the next several months. Good luck to all longs.
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