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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: Threshold who wrote (4306)11/24/2006 6:50:59 PM
From: Tommaso  Read Replies (1) of 30291
 
>>>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.
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