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Gold/Mining/Energy : Uranium Stocks

URNM 63.27

+0.3%

Jan 9 4:00 PM EST

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To: TheSlowLane who wrote (4301)	11/24/2006 6:45:21 PM
From: Threshold	Read Replies (2) of 30292

I usually equate to an equivalent gold value per ton of rock. 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. It's about 300m down, and intercepts are around 10m thick. I don't think it's closed in any direction yet. Now you just got to do a ton more research from those numbers or compare to other exploration cos in the mining biz or go with the gut that tells you it could be huge. 13 holes left to report and then a 30k meter drill program is planned starting soon (or maybe already has). Sprott and Dundee in big today. Cameco has staked their south border and beyond. This ain't retail volume, and a few companies have rushed to stake more ground around them in the past few weeks. Dundee just came out with a report that called it a buy with no target price.

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