denny dalton feasability

PDN's LH contains the following U308 measured/indicated/inferred resource at stage 1&2 with a 300ppm cut-off,

25.3 million tonnes / grade .07% / 18,500 tonnes U308.

U308 - 185000 tonnes = 40,700,000lbs

U308 - 40,700,000lbs x us$41 = us$1,668,700,000

us$1,668,700,000 / 25.3 million tonnes = us$66/tonne.

so LH contains us$66 of resource per tonne.


Denny Dalton contains an inferred 11,000 tonnes of U308 and 2.5 million ounces of AU.

U308 - 11,000 tonnes = 24,200,000lbs

U308 - 24,200,000lbs x us$41 = us$992,200,000

AU - 2,500,000ounces x us$580 = us$1,450,000,000

us$2,442,200,00 / 31.5 million tonnes = us$77 of resource per tonne.


so DD contains us$11 more resource per tonne than PDN's LH project.

pretty basic calculation but may help to answer those questioning the viability of grades etc at DD.

any other suggestions????