1) I came up with 46km2 of mineralized area by multiplying 20km x 2.3km - twice the presently reported explored area. For the exercise, I meant to double the width rather than the length to guess on a mineralized area within the tenement of 10km x 4.6km to more reflect the radon cup area of apparent mineralization (= 46km) 2) I gave a quantity for U @ 1ppm for this area - which is obviously not a large quantity / not economic. 3) I then used a figure of 450ppm U overall which is a good deal LESS than the limited area of the high grades given in the announcement, but no doubt a good deal HIGHER than the average grade over the area reported; which unfortunately doesn't give ALL results ......
If we knew ALL results, rather than just the spectacular ones, we could calculate the overall grade of the area explored so far - the exploration of which has been disappointingly slow - still hand trenching 8 months since the radon cup relults were released .......
Hope my 'back of an envelope' calculation is seen as just that; but, as I wrote, I'm not selling yet
Col8
MLS Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
