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