re: Ann: Drilling Results Confirms Potential ... Well personally...

re: Ann: Drilling Results Confirms Potential ... Well personally I'm a bit disappointed with the drilling results. I was expecting much higher results as we already knew there was uranium ore there and the company was trying to find some decent grades in the, to date, likeliest locations and didn't. At least not yet:)

There are numerous leases that go 1000ppm and more that aren't mined because the resource is either too small or too deep or in too hard rock or whatever else.

1000ppm is only 0.1% or about 2lbs per ton of ore and at US$43/lb
that's not not a lot to play with when you add mining and processing costs.

Remember, Uranium is the 4th most abundant element in the ground. There's heaps of it around so grades need to be good and easy to get out.