Yes, it is very small compare to Mt Gee. But it is not your armpit either. Here is the summary all the satellite deposits (non JORC)Armchair doesn't have much u, satellite deposits r small.
Arkaroola Gorge, Arkaroola Rd, Arkaroola Village via Copley, SA
Photographs:
List: Register of the National Estate
Class: Natural
Legal Status: Registered (28/09/1982)
Place ID: 5979
Place File No: 3/00/260/0060
Statement of Significance:
Many of the diverse, rugged and often unique geological, geographical and botanical features which make the Arkaroola-Mount Painter region a wilderness area of great scientific and aesthetic interest. In addition, it is a major haunt of the until-recently rare yellow footed rock wallaby (PETROGALE XANTHOPUS).
The Commission has determined that this place has Indigenous values of national estate significance. The Commission is currently consulting with relevant Indigenous communities about the amount of information to be placed on public record.
(The Commission is in the process of developing and/or upgrading official statements for places listed prior to 1991. The above data was mainly provided by the nominator and has not yet been revised by the Commission.)
Official Values: Not Available
Description:
The Arkaroola Creek, flowing from the Gammon Ranges to the south, swings east in the area of Bolla Bollana smelters and becomes unusually and spectacularly sinuous, frequently doubling almost back into itself. Cutting through the resistant quartzites, tillites and granites of Proterozoic age, it forms a number of beautiful waterholes and gorges with sheer rock walls. The surrounding terrain is typically chaotic with serrated quartzite, massive tillite and bulbous granite peaks. The flora often reflecting the geology, is dominated by several acacia and eucalypt species, yaccas, porcupine grass and after seasonal rains, wildflowers of great beauty.
History: Not Available
Condition and Integrity:
Moderately good. Graded roads passing through Arkaroola Village provide direct access to Bolla Bollana, Arkaroola and Stubbs waterholes. The station management attempts to control tourism by prohibiting camping outside the village and setting aside special areas for mineral collecting.
Location:
About 8000ha, 94km north-east of Copley on Arkaroola Road near Arkaroola Village, AMG points: SH5409-Copley 325454, 325507, 465507, 465454 and return to start, approx. 0.5km north of Arkaroola Village.
Bibliography:
(1) SPRIGG, R.C., & SPRIGG, G. (1976): ARKAROOLA-MT. PAINTER IN THE
FLINDERS RANGES, SOUTH AUSTRALIA. AUSTAPRINT, ADELAIDE. (2) MOONEY, P.
(1976): ARKAROOLA AREA. IN, MCBRIAR, E.M. & MOONEY, P.A. (EDS.),
GEOLOGICAL MONUMENTS OF SOUTH AUSTRALIA,PT I,GEOL. SOC. AUST., S.
AUST. DIV. 200-206. (3) CORBETT, D.W.P.,(ED.)(1969): THE NATURAL
HISTORY OF THE FLINDERS RANGES LIBRARIES BOARD
Mmmmining said:Let's wait for the Coffey's scope study.
Yep. If that gives a big tick this has the potential to increase very quickly. Why? Coz it will be able to be mined, and the right valuation Ev/lb will be applied. Till then I have no idea
When I saw the photos and the video there appears to be nothing there. Just hilly areas far from people (Mt. Gee actual mine area). This should beat AGS's returns until the end of the year. Surely AGS can't double, MTN has the potential to double on one tick in scoping study. AGS scoping study tick, JORCS, resource estimates are already priced in.
Yeah I saw A picture of a yellow footed rock wallaby sitting on what was a crush breccia lined with a phosphorus uranium type of crystal (yellow colour)... The wallaby didn't realize it but it was sitting on billions of dollars... Stupid animal
Halba, I don't agree with this. AGS might be overvalued at the moment depending on the JORC produced. If overall it's under Lonsec's estimate of potentially 120m lbs ish, then it could be smashed. Opposite for larger resource. Point is, we don't really know if it's all factored in yet. It's just speculation really which we must acknowledge. (personally, I am expecting a 'buy the rumour sell the fact' sell off based on previous experience with long anticipated announcement as you would have exp with BMN. Although the scoping study ann didn't do AGS any harm. But again, this is speculation which must be acknowledged) Your comment 'MTN has potential to double' when they ann a scoping study, well....what can I say?MTN has the potential to double on one tick in scoping study. AGS scoping study tick, JORCS, resource estimates are already priced in.[/U]
Halba, I don't agree with this. AGS might be overvalued at the moment depending on the JORC produced. If overall it's under Lonsec's estimate of potentially 120m lbs ish, then it could be smashed. Opposite for larger resource. Point is, we don't really know if it's all factored in yet. It's just speculation really which we must acknowledge. (personally, I am expecting a 'buy the rumour sell the fact' sell off based on previous experience with long anticipated announcement as you would have exp with BMN. Although the scoping study ann didn't do AGS any harm. But again, this is speculation which must be acknowledged) Your comment 'MTN has potential to double' when they ann a scoping study, well....what can I say?
When I saw the photos and the video there appears to be nothing there. Just hilly areas far from people (Mt. Gee actual mine area). This should beat AGS's returns until the end of the year. Surely AGS can't double, MTN has the potential to double on one tick in scoping study. AGS scoping study tick, JORCS, resource estimates are already priced in.
Mmmmining
MTN is not out of favor either. It was mentioned by Premier in the ann as well.
GuysHalba, you have a good point. If you are majority owner, and an operator, you control you destination, for good or bad.
I would say AGS's situation is not that bad since Quasar Resources is the partner. It seems the SA Premier like it, another positive. Only thing is B4M has to have enough staff to justify the rich valuation.
MTN is not out of favor either. It was mentioned by Premier in the ann as well.
Try to analysis the purpose of this release. Cannot figure it out. Let's me do a interpretation, maybe wrong.
1. Mt Gee has more resources than published. It is more significant than most people thought. Such phase is used:
"indicated both increased mineralised thickness and higher grades than anticipated;"
"Only scratched the surface"
"Paralana Mineral System has the potential to be one of the great uranium systems in Australia"
2. Mining is possible.
Reinforced its (MTN) view on the mining potential of the Mt Gee..."
"We already have a viable mine"
"Underground mining"
"a tank leach processing plant sited...."
"1000t/yr"
3. Tough EIA process
"One of he great uranium systems in Australia" means back off, greens or so, for state and national interest
"Long term commitment to Environment"
"committed to environmentally sustainable mining.."
"committed to both the environment in the Flinders Ranges..."
4. Cost at high end
"Given the spot price and encouraging uranium grades,..."
"Underground mining...."
"tank leach processing plant...."
Conclusion:
At $100 U3O8 price, project revenue is US$220m year
IGV is US$7b Very significant.
I have a tick based on this report, and don't care what Mr Market is thinking in short term.
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