Where did you read that from wanty? Those grades would be second only to Cigar Lake and the ore body potentially bigger than Olympic Dam. They sound a bit too good to be true. Unless of course it is a 10cm thick seam of 6% over that area - which would still give a huge resource (would be approx 10 Kg U per square meter or 100 tonnes per hectare giving a total 270000 tonnes U (600 million pounds!) - no, I still think it would be too good to be true.
IF that were true GDNs market cap should be over 10x that of SMM (ie over $10 billion) and the GDN SP of $50.
Please post a source if you can substantiate this.
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- could be something huge re the u
could be something huge re the u, page-2
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