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Gold/Mining/Energy : Uranium Stocks
URNM 58.14-0.8%4:00 PM EST
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To: Tommaso who wrote (4218)11/22/2006 7:14:02 PM
From: energyplay  Read Replies (1) of 30201
 
High uranium grades - If I remeber correctly, the grades are express as percentages of U3O8, (the actual yellowcake). Some deposits have UO2, which is a black mineral. So a moderte amount of UO2 would result in very high values of U3O8

I think the MiVida mine (Charlie Steen's discovery) had UO2, which is one reason it was not recognized.

Some of the "roll deposits" have a reducing environment.

There is one extremely rich NATURAL deposit in Niger which would go critical when the water table was right.

uraniumminerals.com
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