watch this very closely ..., page-25

Uranium Only Ore Buying Schedule

http://www.denisonmines.com/SiteResources/data/MediaArchive/pdfs/whitemesamill/ore%20purchase%20schedule%20november%202009%20uranium%20only.pdf

This is difficult to understand but see WCU grades at http://www.whitecanyonuranium.com.au/projects/daneroslarkroyal/

If WCU can average grades of 0.3%, it seems they will receive $112 per tonne of earth

WCU forecast 500,000 lbs pa (eventually). At 0.3% = 75,000 tonnes of earth.

There revenue will be 75,000 x $112 = us$8m

190m shares plus 90m 25 cent oppies

Without accounting for costs, EPS on 270m = 3 cents

If WCU can average grades of 0.5%, they will receive estimated $250 per tonne of earth.

WCU forecast 500,000 lbs pa (eventually). At 0.5% = 45,000 tonnes of earth.

There revenue will be 45,000 x $250= us$11m

Without costs, EPS on 270m = 4 cents

IMO, this is why the share price is struggling, in spite of all of the hyper ramping on HC and T$...

without any clear financial signals from WCU, imo, it will continue to struggle

this stock is too opaque and the management, especially PB, is dodgy dodgy

PB is a dill