kvanefjeld deposit

We have the biggest deposit in the World of REE and Uranium, I think this will be worth waiting for. imo



FACTS & FIGURES

Today the fact is, we have just explored a fraction of the license, wich is totally 80 square km, we has only explored an area of 1x2km, 2 square km, it´s only 2,5%, it means we have still 97,5% left !!.

The truth is that we have only drilled to 300m and still end up in findings.

The JORC-compliant gave us the following:

4.91 Mt of Total Rare Earth Oxide
0.99 Mt of Zinc
0.12 Mt of Uranium Oxide. (283.000.000 Pounds)
3.09 Mt of Sodium Fluoride
On Thorium we don´t have any figures

(See Substantial Resource Increase at Kvanefjeld Multi-Element Project 18.06.2009)

The Uranium part in value represent 25% of all, with todays Uraniumprice of 46 USD/pound and 283 millon pounds Uranium gives us approx 13 billion USD, just for the Uranium and that times 4 (U just 25%)give us the total value of 52 Billion USD (52.000.000.000 USD)for the resource today, with 2,5% "explored" (97,5% unexplored).

If we calculate with the same figures for the rest of the license, this is possible:

The same type of mineralization could cover as much as 48 square km of the license (80 square km), that is times 24, more than what we have today. That gives us a Uranium value of 312 billion USD and the astronomical value of 1 trillion 248 billion USD (1.248.000.000.000 USD) for the whole license, also remember we have just drilled to 300m, how deep is the findings 600m? or 900m? time will tell.


GLTA