firawa uranium tonnage guesstimates

Forte - Appox 544 million shares at 16 cents market cap is A$87.1M

Firwa drilling program on structure 2,500 meters long x 50 meters wide x 10 meter thick u zone. equates to 3,125,000 tonnes of ore and is open in both directions along strike.

Very few uranium grade assays released to date but taking the ones already released by FTE I get a very rough average grade guesstimate of 1.4 pounds per tonne. That is about 4,375,000 pounds of uranium. Although this analysis is very basic it indicates that the size of the current released metrics are not all that large.It appears that the prospectivity of the area is dramatically increased by current work program for shallow high grade u resources.

U is at about $46 pound and JORC is expected in the next few weeks. May be that the U zone got thicker and wider so the tonnage may increase by a factor of 2 or 3?? but this is a wild guess. Valuation may be a little frothy until more details emerge. FTE has very good ground and is well supported.