JORC Code compliant inferred resources for the Taylor Ranch Uranium Project are: 132.8Mt at 0.027% U3O8 for 79.6 million pounds of U3O8 (applying a cut-off grade of 0.01% U3O8) Or 36.9Mt at 0.059% U3O8 for 48.1 million pounds of U3O8 (applying a cut-off grade of 0.025% U3O8) Or 8.4Mt at 0.12% U3O8 for 22.2 million pounds of U3O8 (applying a cut-off grade of 0.075% U3O8)
�� Paladin Energy – Market capitalisation of $4.1 billion �� Langer Heinrich Uranium Deposit in Namibia measured, indicated and inferred resources are: 80.1Mt at 0.06% U3O8 for 105.6 million pounds of U3O8 Applying a cut-off grade of 0.025% U3O8 �� Applying the same cut-off grade the resource at the Taylor Ranch Uranium Project is approximately half the size and is of the same grade! {taken from Dec BLR Corporate Presentation)
Nothing wrong with inferred resources. Only more drilling can convert them to indicated or measured resources - that is the nature of the beast.
It is all about stats.
BLR Price at posting:
0.0¢ Sentiment: None Disclosure: Held
