100ppm, page-6

It will be hard rock conventional mining for around 28M/lbs of uranium indicated. Very high grades but also the cost of mining and capex will be higher than ISR. Possibly another PNN.

71c4, not sure if you understand what you have asked. The cut-off grade has zip to do with the average grades of the resource. It is simply the cut-off point at where it is no longer measured...but you may just already know that eh? ;)

So many companies are using a 100ppm cutoff grade to make the resource look better than what it actually is. A little creative resource estimating shall we say.

PEN is using a 300ppm cutoff, which is far more realistic and yet with the ISR method to be used at Lance they will be able to recover the lower grades as well. You don't need to be a rocket scientist to work out this will improve the nett return significantly above what is indicated in the modelling.


Anyone for fishing?.....