">>RSC's rock is around 1% U3O8. So 2200lbs per tonne is 22lbs of uranium per tonne which is 22 * $62 = $1364/ton so about 2 oz au per ton.<<
That's feasible for mining but not extremely impressive. Getting anything out of it is a long, long way off. You have financing, mine construction, mining, milling, refining, and marketing all well into the future.
I thought the tar sands moved from caution to wild speculation in a hurry, but uranium is doing it even faster.
Incidentally, "au" is the chemical symbol for gold, not uranium."
I was roughly equating uranium per ton values to gold per ton values, and correctly used the "au" chemical symbol. If you don't like $1364/ton rock at RSC, maybe you could point me to other U explorers with better intercepts (UEX i have). They all have the same hurdles that you mentioned above and RSC is not too close to infrastructure. It is however very high grade compared to most of the stocks mentioned on this board, and Cameco is perched next door.
Thanks for posting your recent research on the U markets, I have found it very helpful. |
