not only are the unx grades world class - but the cost to extract and process will be around $20 per pound - long term sell price is $70 per pound - that's $50 per pound profit
mantra resources were rcently sold for approx 1 billion dollars - they are 30km away from UNX and are working in the exact same mineralised zone - their current estimates to extract and process their resource is being reduced from approx $22 per pound in the BFS to currently less than $20 per pound
uranex have just completed 61 holes with unbelievable results
to quote the paladin ceo jim borshoff at the recent australian uranium conference he said the following in his presentation ( " whilst all uranium stocks have been hit harshly post fukishima, one company has stood up very well and that company is uranex which have achieved unimaginable drill results " )
thats a pretty good recommendation from a leader of business within the uranium industry
matt
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- examples of good drilling results
examples of good drilling results, page-6
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