270p kah bid = ~ext $9.32p/s, page-8

clarification to my prior post (#6669901) after reading back over the quarterly activities statement:

In my post above, the suggested $/lb figures were based on the "resource estimate" which states:
Indicated resources, zones 1&2 = 257Mlb
Inferred resources, zones 1,2,3&4 = 110Mlb

By comparison, the DFS "Reserve Estimate" states:
Probable Reserves are as follows:
zone 1 = 102.2Mlb
zone 2 = 122.5Mlb
total = 224.8Mlb

If we use the reserve estimate rather than the resource, the reserve is about 87.47% of the resource; so the $/lb paid for the U308 would be higher (about 14.3%) than those I have quoted.

The reason for posting this clarification is that many have commented on / compared the $/lb paid for Mantra resources. I have not yet researched Mantra to assess the basis of the figures quoted in relation to that transaction, but thought it is important to clarify my figures for those drawing this comparison to ensure we are comparing apples with apples.

Will post more later when time permits - back to work for now.