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With Uranium prices at $75T, I had to laugh to find out the...

  1. TwinTurboCelica
    10,131 Posts.
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    21/02/08
    21:27
    Post #: 3381598
    With Uranium prices at $75T, I had to laugh to find out the value per tonne.....

    Note, these are ACTUAL drill results released today, in U friendly NT, at less than 50m deep (hello open pit)..

    1m @ 18.1% = 399lb/t = $75lb = $29,925t.
    3m @ 6.05% = 133lb/t = $75lb = $9,975t.
    6m @ 1.34% = 110lb/t = $75lb = $2,175t.

    Given that there is about 2.5 - 3.0t per m2, thats nearly $100,000 per square metre....

    Considering that for Uranium, 0.03% is considered economic (0.6lb/t)...... lol.....

    ----------------------------------------

    Significant uranium assay results from recent RC drilling at the Liberator prospect within the Shoobridge (NT) project include:

    3m @ 6.05% (133 lb/t ) U3O8 from 39m including 1m @ 18.1% (399 lb/t) U3O8 from 40m

    6m@ 1.34% (29 lb/t) U3O8 from 19m including 1m @ 4.99% (110 lb/t) U3O8 from 21m
    HDN Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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