rumour low grades so small deposit be why sell, page-9

I don't know if this is fact/fiction or other but found on another forum.

I see that Lethlean exercising his 31/10/2008 options early, that would have to be a positive (wish I could get them for 20c).

I did some calculations on drill results using Gamma readings.

1/ added all drill intercepts together (west zone only) and divided by the number of holes drilled, got average of 4.8 metres ore zone per hole./

2/ added all the gamma logs together(west zone) and divided by the number of intersections, got a grade of .1655%/t.

3/ I gave the whole resource a length of 1625metres and a width of 950metres. multiplied L1625 X W950 D4.8 = 7,410,000c/m.

4/divided 7,410,000 by .1655% = 12,263.55 c/m.

5/ specific gravity of Uranium is 18.9 or 18900kg/cm, multiply 12,263.55 X 18900 = 231,781,090 kg or 231,781.09tonnes or 510 mill lb.

This is only for the west zone. I don't know if these figures equate to a resource but if anywhere near it this is a huge resource.