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Gold/Mining/Energy : Uranium Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Cheeky Kid who wrote (2265)	3/23/2006 11:05:20 PM
From: baystock	Read Replies (3) \| Respond to of 30238

page 38 in the following report indicates 42 million lbs: rodiniaminerals.com Note that these resource numbers are 25 years old and not compliant with current standards. But 432 holes were drilled on this property during the last uranium boom cycle. rodiniaminerals.com >This program identified the Workman Creek deposit as their primary focus. Their work included drilling 432 holes, geological mapping, geochemistry, metallurgical testing, designing a mining plan, and commissioning Dravos Engineers and Contractors (“Dravos”) to complete a feasibility report, at a total estimated cost of US$10 Million. The Dravos geo-statistical estimate of reserves encompassing both open pit and underground mining was 4.4 million tons containing 9.8 million pounds of U308 with an average grade of 0.11% and a cutoff of 0.05%. This estimate was made prior to implementation of NI 43-101 and, in order to confirm grade estimates, Rodinia will twin four holes and with that data and the data from the previous 432 holes, a reserve/resource estimate will be recalculated to conform with NI 43-101 standards. With an extensive Westinghouse data base Rodinia will be able to accelerate its exploration and development plans at significant cost savings.<