mmmmining said:Keep good faith on this, Chris. I am with you. Good things hardly happen overnight. Remember nobody want 3 cents PDN a few years ago.
But I do worry about your accumulating it unless you have a very good feel about the risk/reward. I guess you are since you have done very deep research. Good luck.
Well I want rewards..I know there is risk with this one...could lose but hey I'm pretty far in front for the year so I'm having a go on this one because I like their grounds in Namibia. Ive researched what they currenty have and the areas havnt had much exploration done on them yet. Its in very eary stages so we dont have much to go by atm. Erongo's EPL's in Namibia contain a lot of granite ore which is the source of primary uranium mineralisation such as the Goanikontes and Rossing deposits.
I also took into consideration other uranium explorers in Namibia..and hey..this looked like a good deal to me. They have a 90% interest in their EPL's which is great. They also have cash flow from existing oil assets and I consider that very important for the funding of future exploration in Namibia.
I actually contacted Patrick Flint the Executive Director and spoke to him about a month ago now. He seemed confident. He does know they are in a very early stage and things will get off the ground in the first quarter of 2007. Nothing you guys dont allready know.
I also bought into them because of the guys in the top 20 holders list. They arent stupid. Klaus Eckhof, Reg Gillard and Dr Leon Eugene Pretorius are major share holders in this one. Those guys arent stupid.
Link on Reg Gillard below.
http://www.eneabbagas.com.au/index.php?page=viewStory&title=Board+of+Directors
Link on Klaus Eckhof below.
http://www.aurora-gold.com/s/about.asp
Link on Dr Leon Eugene Pretorius.
http://www.investegate.co.uk/Article.aspx?id=200506300700282505O