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


To: UPTICK who wrote (5429)12/27/2006 10:39:51 AM
From: Tommaso  Respond to of 30247
 
Everything seems to depend on the discovery of something more comparable to the richer deposits in Saskatchewan.

stratecoinc.com

This one is a long way from any mill; the uranium percentage is certainly good (one intersection of 9.5 meters with 1.5% U)but not great when compared to what JNN and UEX are finding; it's presently accessible only by helicopter, though there is a "winter road" not far away--and with global warming one wonders whether the road will even be usable in winter, depending on frozen lakes, etc. There will beother properties put into production before this one is. It does not sound like the kind of deposit that can be produced using in situ leaching.

stratecoinc.com

This one is accessible, but the grades are pretty low.



To: UPTICK who wrote (5429)12/27/2006 10:54:48 AM
From: Tommaso  Respond to of 30247
 
I see what you mean in connection with this very recent announcement:

stratecoinc.com



To: UPTICK who wrote (5429)12/27/2006 11:13:58 AM
From: maxncompany  Respond to of 30247
 
re-check your math



To: UPTICK who wrote (5429)12/27/2006 2:48:18 PM
From: UPTICK  Read Replies (1) | Respond to of 30247
 
O.K. They already have 200,000 tons of 1% to 2% or 4M to 8M lbs X 70.00 a pound,that is 280 M$ to 560M$ and going to prove more in 2007...So,roughly 0.5 B$.
200,000 tons is 80000 m3 at a true wiht ( which can be easily assumed by the drilling results we have ) of 10m you need only a structure which is only... 80M wide X 100 meters deep. The structure is open in both directions ,so with 4 or 5 riggs on the property ..and the deep drilling coming...it would be unbelievable to have pin point such a small structure of 80000 m3, no doubt cubic meters will be added.
The interesting and most promising part of the story is the grades which are outstanding...