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Gold/Mining/Energy : Uranium Stocks
URNM 58.61-2.5%Dec 5 4:00 PM EST
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To: zoo york who wrote (6767)1/16/2007 12:27:53 AM
From: Yamakita  Read Replies (3) of 30201
 
If you're going to say that x company has y pounds of uranium in the ground, you can't just calculate that their assets are y * spot price: it actually costs money to get the stuff out of the ground, and then to refine it.

Anyone have any idea what those costs are, percentage wise? If I have a 10,000 pound lode in my backyard, and it's worth $100 a pound, I theoretically am sitting on $1 million worth of stuff, but that's only AFTER it's been excavated and processed. What does it cost to get it out? 30% of its value? 60%? 90%?
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