Just seen this on the news...how does it compare to Extract...

Just seen this on the news...how does it compare to Extract resource...????

Largest uranium reserves found in India

India claims to have discovered the world's largest uranium reserves in the southern state of Andhra Pradesh.
By Rahul Bedi in New Delhi 3:11PM BST 19 Jul 2011
Srikumar Banerjee, head of the Atomic Energy Commission, said a four-year long survey had indicated that the Tumalapalli mine near the state capital Hyderabad, which is scheduled to begin operating by late 2011, could provide up to 150,000 tons of uranium.
"It's confirmed that the mine has 49,000 tons and there are indications that the total quantity could be three times that amount" Mr Banerjee said on a visit to a nuclear plant in the western state of Rajasthan on Monday.
If that is the case, it will become the largest uranium mine in the world, he added.
But Department of Atomic Energy officials warned that the mineral, which is refined into nuclear fuel to produce energy and power, is not "high but low-grade uranium".
India has eagerly been seeking new uranium supplies worldwide to fuel its atomic plants for desperately-needed power to sustain high economic growth.
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Over the past three years it has concluded supply deals with France, Kazakhstan and Russia after securing a special exemption in 2008 from the 46-member Nuclear Suppliers Group that governs global nuclear trade to conduct civil nuclear commerce.
The special waiver permits India to procure atomic reactors and fuel from overseas in return for international inspections of 14 of its 22 atomic reactors without signing the Nuclear Non-Proliferation Treaty, the NPT.
The remaining eight military reactors and associated facilities would not be subject to International Atomic Energy Agency examination.
India's rapidly growing economy, which is heavily dependent on coal, remains desperately short of power, getting less than three per cent of its energy from nuclear plants.
It hopes to substantially increase this output to around 30 per cent by 2050 by erecting 30 atomic reactors and the domestic uranium find would not only boost its plans but also help reduce costs.