high grade uranium resource, page-3

Quarterly report spells out that the Peruvian mine has "in ground" value of reserves at $1.05b, this equates to $17.00 odd a share. This reserve is contained in an area with a maximum depth of 20metres and is open ended. It has other interested mines but their value is not factored into the above price. (value per share does not include options exercisable at 20 cents)