HCH 0.53% 93.0¢ hot chili limited

HCH uranium deposit, page-3

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    Collating historic assay from 2010 - 2011 with uranium hits.

    It looks like they stopped assaying for uranium from 2012 onwards - most likely due to the Japanese Nuclear leak in 2011.

    Assuming we have average grade of 40ppm over productora JORC of 270m tonnes, then we have about 24m pounds contained Uranium.

    This in itself will be worth about $170m in Market Capitalisation, using some other ASX uranium peers as benchmark.

    The bigger question is whether we have uranium at Cortadera as well? We wouldnt have assayed for it so its anyones guess.


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