SMM somerset minerals limited

how much is smm's uranium worth? Just read an interesting...

  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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