"I've said in a previous post that with the other minerals included in Sweden, Moly, Nickel and Vanadium it brings the average U grade up to the equivalent 320ppm"
Loulouhaha -
The equivalent U3O8 grade should be higher than that ..
based on current metal prices approx - MoO3 = $15/lb
V2O5 = $6.50/lb
Ni = $10/lb
U3O8 = $50/lb
So if we equate the metal prices back - MoO3 = 15/50th the price of U3O8
V2O5 = 1/8th of the price of U3O8
Ni = 1/5th of thr price of U3O8
So going back to the total resource even at the lowest cut off grade of 100ppm
810 MT @ 162ppmU3O8 + 325ppmMoO3 + 2616ppmV2O5 + 318ppmNi
=
810MT @ 162ppm + 325( 15/50)U3O8 + 2616(1/8)U3O8 + 318(1/5)U3O8 = 900ppm U3O8
5 bt uranium , page-2
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