RE: Blue day21 Jul 2025 22:46
The first stage of field activity, which is being led by a contract geologist, followed the collection of digital data that is available online for the property and surrounding area within a one-mile radius, including visiting the US Geological Survey Library in Colorado. The Morrison Formation hosts the uranium and vanadium in the Uravan area. The geologist has started with mapping the basal layer of the Salt Wash Member of the Morrison Formation. The mapping will include faults, joint-sets, historic drill holes, adits, pits, prospects and roads. There is a potential for an additional deposit of uranium in the Chinle Formation which is located approximately 1,200 feet below the Morrison Formation. Historical data collected from the USGS Library may indicate such a deposit at depth. The Chinle formation is famous for holding some of the largest uranium deposits in the Colorado Plateau.
Thats where you stand in Colorado. You understand a Lassonde Curve?
The Lassonde Curve is a valuable tool for investors in the mining sector, particularly those interested in junior exploration companies. Named after Pierre Lassonde, a prominent figure in the mining industry, this curve illustrates the typical life cycle of a mining project and its corresponding value creation.
https://www.mpcmarkets.com.au/understanding-the-mining-investment-life-cycle-the-lassonde-curve/#:~:text=The%20Lassonde%20Curve%20is%20a,and%20its%20corresponding%20value%20creation
I don't even think your at the starting line, with millions of warrants due. And your thinking this is going to fly soon? Say whaaaaattt!
Seeing snippets from the RNS today, the issuing of 500.000 shares at Par value though, has recalculated some of my Entry points. A return to 7p ill be adding, I think that could be bottom.
But its AIM, its mining and news can change things, but fundamentally they don't now.