attempt at resource valuation, page-3

Awesome, let me re-calculate then.

92Mt @ 0.02% U3O8 comes out to about 40 million lbs of U308.
(92 x .0002 x 1000 x 2.2)

At today's spot price of $50 AUS less production costs of $18 AUS gives us a profit of $32 per lb.

32 x 40 million = $1.28 billion

And this does not allow for:

1) the increased grades and thickness already found
2) future resource upgrades with continued drilling
(especially in the "open" directions)
3) the anticipated increases in the uranium price


Now I only need to get the option price to spike again so I can sell a parcel in order to convert the rest.

We need to raise some awareness. How quick can you get that article out? :-)