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


To: gadge78 who wrote (7758)2/13/2007 4:31:21 PM
From: TheSlowLane  Respond to of 30301
 
I found it to be a little confusing. The release announces that they have received the 43-101 report, but the tables provided in the release were based on the pre-43-101 historical estimates. It looks like the historical estimates are saying there is about 5 million pounds of uranium at an average grade of 0.053%. Also, some of those historical holes were pretty deep..."...168 diamond drill holes were drilled to a maximum depth of 680 metres". That seems like a long way down to get to .05% grades, but I would welcome seeing other interpretations from a more knowledgable source...



To: gadge78 who wrote (7758)2/13/2007 7:36:27 PM
From: Mac  Read Replies (1) | Respond to of 30301
 
ULU: this one makes IMT look like a steal.



To: gadge78 who wrote (7758)2/13/2007 8:47:19 PM
From: Cheeky Kid  Respond to of 30301
 
I think you need to be an engineer to figure that report out. This is only my opinion, but I feel this report will disappoint the market, seems after reading a number of posts on message boards people were hoping for a large number of pounds in the ground.

This play was a gamble for me, and it's looking like it didn't pay off. However, I am no expert so don't base your trading on my opinions.

We will see what the market does tomorrow.