Ann: Positive Evaluation of Borehole Mining - Han, page-9

re: Ann: Positive Evaluation of Borehole Mini... I wouldn't be fooled by some of the big sells,the buying hasn't even begun.

This was an excellent announcement

At $27/pound production cost BLR will be a profitable producer even at the current low Uranium prices of $52/pound





Project Summary:

-"Targeting production in 2015/2016 in the USA."

- One of the largest uranium resources in the USA.

-High-quality development opportunity in a pro-uranium jurisdiction.

-Geotechnical studies confirm amenable to U/G, surface & borehole mining methods.

- Update of previous feasibility study for conventional mining and processing methods underway.

- Permitting activities commenced.

- Leaching tests confirm +95% recoveries (acid or pressure alkaline).

- Borehole mining suitability tests completed*.

- Ablation process tests encouraging (95% U in 10% of the mass)*.