prize goes to 2togo, page-6

re: how much u is in lease mla 51:771
Thanks fingermark .... you are correct. I look under the Nowthanna Uranium Project Heading only and missed the licences above.

So they seem to have picked up all of the JV lease areas. It is interesting that they have 100% of EL 51/843.

I wasn't able to find any breakdown of the U figures by licence number only a total indicated figure of 3,289 tonnes of U (based on a 200 ppm cu-off grade) covering all of the JV licence areas - EL 51/431 and EL 51/843.

ie. 0.80 x 3,289 x 2200 x US$72 / 0.79 = in ground value of more than AUD$527M.

ie. conservatively, some analysts attribute US$5 per lb at the exploration stage. 0.80 x 3289 x 2200 x US5 / 0.79 = AUD$ 36M

Also, here is an important statement that I found in one of the ASX announcements:

"Nowthanna Uranium Deposit is based on information compiled by Mr Ian M Glacken Principal Consultant-Resource Division (Snowden Associates)"

Snowden adds credibility to the figures.