Re: DML..JNN...FIS>...
in response to
by
posted on
Mar 23, 2013 12:02PM
Excellent posts Portee44. Welcome to agoracom and to the FIS hub.
Your posts indicate that you have an extensive knowledge of the Uranium space.
I agree that DML is becoming a significant player in the AB and the entire Uranium space. We are seeing a consolidation in the industry and DML may thenselves be the next target for Cameco or Rio.
I anticipate that $1.50 will be the floor for DML going forward and it won't be long before we see $2.00.
As for PLS, the sky is the limit. I anticipate more results on Monday.
The company put a rush on assays for hole 38 which they anticipate will be very good based on what they saw in the core (scintillometer)and the gamma log. These results are expected by early April and if they get some higher grades, this thing will explode.
Hole 38 had 58M of mineralization with 12M of off scale radiation. This is the step out discovery that is 390M from the discovery hole. They also had another discovery 780M from hole 22, the first discovery hole.
By comparison Hathor's entire strike length was 300M. The PLS is open in all directions and they have another KM or so of strike length to the west to drill off. This conductor extends further to the NE and to the SW and possibly could lead to other discoveries by other companies including Cameco operating in the vicinity.
Here are some stats that I have read regarding Uranium deposits. The value in the ground ranges from $8 -$12 per lb depending on depth, grades, size and infrastructure. The pLS deposits starts at 60M compared to 200+ for many other deposits in the AB. There is a road close by. If this turns out to be a large deposit, it will command the upper end of that range. Other deposits in the region contain 50-200 M lbs of Uranium. I will let the reader do the math.
To date we only have assays from 4 holes near the discovery hole. We have core readings and Gamma log readings from 20 holes near R000, 5 holes near R390 and 2 holes near R780. If the assays from the areas R390 and R780 are as good as the scintillator suggests, then the stock will sore and the majors will really start to take notice. These results should be out before the vote on April 23rd so there is plenty of time for a counter offer to that of DML.
It has been a while since I have participated in a play that is as exciting as this. Hang onto your hats.
SN