hello, page-15

ferrett, i think trudy has avoided the question the question a couple of times now. There is no way trudy is an analyst - more like a politician ! ROFL !

Seriously, trudy , you say shallow deposits are bad for Uranex.

Thats a good thing here for those grades. Bahi grades are Ok for that depth and Thatcher is average 400ppm at this stage. You said best was 400ppm. Why don't you read the results again.

Costs of production are minor for 6m-12m depth in calcrete and sandstone. Or would you prefer a Wildhorse or Bannerman situation of 200ppm average grade at 100m or even 800m underground. Get with the program really ! An analyst - yeah right !

Imagine the costs of production at that depth. All it takes is the long term U3O8 price to fall some more more than those types of deposits hardly become a resource.

On the SP front, very quiet at the moment. Waiting for further results from C1 (80% to be released still) and second round of drills at Thatcher's. Still on track for two JORC's by year end one would think.

Alos need overseas uraniums to have a run again and end their consolidations, but with US still shaky, this may be some time off yet.

Ciao