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Gold/Mining/Energy : Uranium Stocks

URNM 59.67

+2.4%

Dec 11 4:00 PM EST

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To: Threshold who wrote (5166)	12/20/2006 10:14:16 AM
From: Tommaso	Read Replies (1) of 30216

I don't know much about uranium mining but I know enough to know that .05% is a very low-grade ore. Some of the deposits being located by JNN and UEX are between 20% and 50% (yes!), or hundreds of times richer. There's also the question of the dpeth of the deposit, the character of the rock, the proximity to a mill, and the mode of transportation for the ore. Of course, in situ leaching in porous sedimentary rocks is a different matter.

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