TYX 12.5% 0.9¢ tyranna resources limited

Yo derwyd - thats not right re MEU. a) MEU do have a JORC...

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    Yo derwyd - thats not right re MEU. a) MEU do have a JORC resource - a large one of 5 million pounds uranium - and exploration target of I think 25 million pounds, where uranium price is around A$36 per pound. b) They are hitting BONZA gold grades of 100g/t at 30m from surface. c) What matters is profitability, and JORC size doesn't tell u that. There are gold explorers with no JORC announced with market caps of $200 milliion (on the one hand) and other gold explorers with 1 million ounce JORCs that are worth nothing, because those resources are not commercial (too deep, or too expensive to mine etc). I wouldn't worry about JORC numbers - look at grade, depth to mineralisation, and metallurgy recoveries -- I.e. profit!

    I agree that TYX is undervalued, and I think it is because we are overstretched with too many projects. The US adventure was a mistook - even though the market liked it at the time. It also diluted us. I think the recent cost cutting is going to help get us back on track.

 
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