BMN 8.66% $3.27 bannerman energy ltd

high tonnage. low grade

  1. 38 Posts.
    Hi all.

    Just seeking some clarification of the following.

    ..................................
    To paraphrase John borshoff MD of Paladin at a Sydney uranium conference who said “what the Uranium industry needs to move forward is a huge tonnage low grade sustainable deposits”
    ...................................

    Why is that particulal combination (high tonnage-low grade) so desirable ? I must be missing something because this whole time I've been under the impression that high grade resources are king.

    Thanks in advance.
 
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