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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: E. Charters who wrote (37787)	4/7/2007 5:25:42 PM
From: teevee	Read Replies (4) of 78417

Eric, Steam coal averages about $30/ton and about 1500 tons of coal worth about US$45,000.00 will produce as much energy as one pound of uranium. At the current steam coal prices, on an energy equivalent basis, uranium is therefore worth about $100/gm (~450 gms/pound). At just $10/gram (1/10th the energy cost equivalent of coal), granitic intrusive rocks averaging about 5-7 ppm uranium (uranium porphyries?) could be open pit mined with very little if any environmental downside (I would say totally benign as many mildly radioactive granites are quarried and used for building stone etc), and fuel at least 5 times as many nuclear reactors as we have in the world now, and for centuries. Are there any road accessable "hot" granites in your back yard that are not staked yet?

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