Going by previous published shipments of the same quantity of drums shipped by Heathgate this may represent approx 31,530 lbs of uranium.
It averages out to approx 500 lbs per drum.
I know cainsy mentioned 400 lbs per drum but I think he is wrong even though I'm the keyboard warrior and he is the pro. I'm not hatin cainsy I'm just sayin I think I'm right.
This shipment is a good sign. Heathgate still shipping to Cameco which looks like a long term customer. Our forecast sales price is hopefully still intact assuming that Cameco was and still is the intended customer. Beverley plant still operating. I don't think this shipment is purely stockpile because it is the full container load so no care and maintenance. Everything running smoothly so it seems.
From an operational point of view we can all take comfort in our association with Heathgate and most probably Cameco.
AGS Price at posting:
23.0¢ Sentiment: Buy Disclosure: Held