SMM somerset minerals limited

smh articles today re uranium and nuclear debate, page-2

  1. 3,698 Posts.
    how much is smm's uranium worth? Just read an interesting article on grades.
    http://www.kitcocasey.com/displayArticle.php?id=260

    I wonder if your figures tally with mine.
    Lets just look at Valhalla
    16500 tonnes @ .144
    .03 u3o8 = $20 a tonne/rock
    .3 u3o8= $200 a tonne/rock

    Ok lets look at SMM's grade based on these figures
    .144 u3o8 = $77 a tonne/rock
    the Valhalla resource is only worth ......
    $1,270,500
    o oh!!!
 
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