Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: LoneClone who wrote (9613)	3/29/2007 10:21:59 AM
From: gparker940	Read Replies (1) \| Respond to of 30224

Lone...I see Kitco showing $95.00 lb today. kitcometals.com Thanks for all the hard work you do here and on your other threads. It is much appreciated by this old lurker. G.Parker

To: LoneClone who wrote (9613)	3/31/2007 12:07:57 PM
From: AuBug	Respond to of 30224

Anyone know if it's GEM.v's intention to take their "100-percent owned Elliot Lake Uranium project in Northern Ontario" all the way to a mine by themselves? Someone here told me that the deposit comes to the surface, or is near the surface, giving the impression that it would be a low cost open pit mine. However, in this NR they refer to "...rock mass quality of the deposit and its host rocks is good to excellent and sufficient to support room-and-pillar mining methods." That sounds like underground hardrock mining to me. Then they say "Processing methods now under consideration include conventional milling and underground leaching..." which I take to be ISL. They start off by saying "...estimating that the deposit contains 30.05 million tonnes grading 0.05-percent U3O8, for a total inferred resource of 33.05-million pounds U3O8, and an additional potential mineral deposit of 25 to 30 million tonnes at grades ranging from 0.04 to 0.05 percent U3O8." The imagination leaps and suddenly one thinks they have on the order of 33.05 + 22 = 55.05 million lbs of yellowcake. fully-diluted: 76,083,360 x c$0.85/0.866 = $74.7 million mkt cap $74.7 million/33 million lbs = $2.26/lb Fully valued would be in the range of $10-15/lb. Why aren't the majors falling all over themselves to take out Pele? pelemountain.com