same place, same industry, similar timeframe, page-17

akq, you will like this I am sure...

I have posted this both here previously and on another forum.


The CEO of Uranez (Glenn Catchpole) is quoted as saying about Nichols - "...the hydraulic conductivity (permeability) is less than 500 MD but is still adequate for solution mining."
source: http://www.bourseinvestor.com/bi4/pd...104&f=20090721

They in fact have what you have indicated 230-240mD. You will see below an interesting fact about ISR and the 500mD metric used.

This from PEN's announcement
21 July 2009
LANCE PROJECT: CORE TESTS RETURN POSITIVE RESULTS & DRILLING RE-COMMENCES

"Core Tests
Core Lab, a reservoir characterisation laboratory based in Denver, Colorado, has tested 24 core plugs taken from the four holes cored at Ross in 2008 for porosity, permeability and density. The samples taken from the uranium hosting sandstone demonstrated very high permeability?s and porosities, averaging 2,400 millidarcy?s (mD) and 42% porosity. The density determinations will be utilised in resource estimations planned for 2010.

High porosity and permeability values in uranium-enriched sandstones are necessary for the efficient operation of ISR uranium recovery operations. Sandstone permeability?s in excess of 500 mD are acceptable in the ISR industry. Porosities in excess of 30% are very favourable for ISR recovery of uranium.""


So Nichols has 500mD and Lance has an average of 2,400 mD. Quite a difference there and confirmed.

PEN' Lance project is a stand out leader in this regard.