uranium production, page-7

Hello Cosmos,

Stocks which have been held down mistakenly, or more than the market obviously wanted them to go, will potentially run healthier.IMO

Dr Charles Frazer Tabeart (Managing Director) is a graduate of the Royal School of Mines with a PhD and Honours in Mining Geology. He has over twenty years experience in international exploration and mining projects, including sixteen years with WMC Resources. Whilst at WMC, Dr Tabeart managed exploration portfolios in the Philippines, Mongolia and Africa, gaining considerable experience in a wide variety of commodities and operating with staff from diverse cultural backgrounds.

Here is some of my reearch..

5-6 Year mine life producing 1.4 Mlb U3O8 per annum
Life of mine cash flow (EBITDA) $255 million over 6 year life (at $72/lb)

Gwabe Deposit:
Indicated: 0.9 Million Tonnes at 196 ppm U3O8
Inferred: 4.0 Million Tonnes at 304 ppm U3O8
Containing 1,380 Tonnes of U3O8 (3.0 Mlb U3O8)

Njame Deposit:
Indicated: 3.9 Million Tonnes at 388 ppm U3O8
Inferred: 5.2 Million Tonnes at 275 ppm U3O8
Containing 2,965 Tonnes of U3O8 (6.5 Mlb U3O8)

First uranium production by the end of 2009.

(Waves are inspiring, not because they rise and fall;
But because each time they fall, they never fail to rise again.)