Hi guys, first at all apologies for the English mistakes this...

Hi guys, first at all apologies for the English mistakes this post can contain since I'm not native speaker and aslo if someone has discussed about this before.

I have been doing my own research now that seems world is going to need a huge amount of Uranium and I wonder how much Uranium is a lot of Uranium...

I found this: http://www.world-nuclear.org/information-library/nuclear-fuel-cycle/uranium-resources/supply-of-uranium.aspx



But that table show us U, which contain U238(99.28%), U235(0,71%) y U234(0.0085%) but there isn't mention to U3O8...

The problem is all the report I see across the market use triuranium octoxide.

El óxido de uranio concentrado, torta amarilla, urania es un concentrado de óxido de uranio obtenido mediante la pulverización del mineral de uranio.Es un producto industrial cuyo contenido de uranio es superior al del mineral de origen con un contenido habitualmente superior al 70 por ciento y que suele estar constituido por un uranato (sódico, magnésico, amónico, etc.) o un óxido de uranio.

Link: https://es.wikipedia.org/wiki/%C3%93xido_de_uranio (change language to English)

So.. What is the conversion from U3O8 to U? I mean, 200.000 ppm (20%) U is very high grade, how much xxxxxxx ppm (xx%) U3O8 are considered high grade?

Start in page 12: https://www.devexresources.com.au/sites/default/files/asx-announcements/61052629.pdf


Reading this report one can think that are quite good grades with some very very good hits but... We should make the tranformation before, should we? From U3O8 to just U. Watching that numbers DEV resource is moving between Low grade - High grade but much closer to Low than High...even "very low grade" -> 100 ppm (0.01%) U

Some brilliant mind can enlighten me?

thanks so much in advance.

My best.

By the way. How is going on that project?? are they still drilling... in what stage is it right now? Long time since last update.

Thanks.