fin review article, page-18

re: for racyred meerkat....why bother.
I spoke to Dr Bogacz and MTN is at this very moment drafting a response to the Pierpont article.
Just a few points
Pierpont maintains that you need .01 % to be economically viable.
WRONG!
Olympic dam has be been mining uranium for over 10 years at .04 and below. There is even a world class mine in Namibia that is financial at grades of .03
The key point is whether or not the ore is "leachable" and it is.
Further more having such low percentages in the soil does not mean it going to cost more to get the ore out of it.
Peirpont maintains that you can't define a resource in an office.
WRONG
You can if you have over 700 holes that have been drilled previously by other mining companies.
What is the point of drilling holes when they have already been done for you?