Hey Mncia,You might want to have a read of this for a...

Hey Mncia,

You might want to have a read of this for a comparison.

Shallowness of resource has nothing to do with it as far as Uramin is concerned and the chinese are in discussions with them.

WME just needs to prove up a larger resource.

Lets take a closer look at Uramin’s projects.

Firstly, their main uranium project, the Trekkopje project in Namibia. This project is 100% owned by the company and covers an area of 129,000 hectares. It is situated in the west central area of the country roughly 65km north east of Swakopmund. Judging from the drilling that Uramin has carried out, Uramin has a NI 43-101-qualified Measured and Indicated Mineral Resource of 142,738,211 million pounds of U3O8 in a 499,604,97 tonne resource at a grade of 130ppm. In addition to this, Uramin also has a Inferred Mineral Resource of 12,120,486 million pounds of U3O8 at 150ppm.

Uramin suggests that their Trekkopje project could get a place in the top ten largest uranium mines in the world when it comes into production and it could be one of the top five uranium mines in the list of lowest cost production. Reports indicate that this uranium project has the potential for cost effective open pit miming as around 80% of known mineralization occurs at levels shallower than 15m. By the end of 2008 production at Uranium could be in full swing at an amazing rate of three million pounds of uranium per year.

Although Uramin’s Trekkopje does indeed have a very large resource of uranium, on the downside the deposit is a low grade, but Uramin plans to develop the project into a heap leach operation which should take advantage of some good economies of scale. If the tests for leach process turn out to be positive, then it is possible that production could take place at a much larger rate, at around 5 to maybe even 8 MM lbs per year.