still absolutely bullish about this stock, page-2

Hi Grant

If I may...

LETS ASSUME IMO **

50Mill p/lb. resource.
contract sales price of say $150.00p/lb.
less ISL. Production cost of around $30.00p/lb.
End Profit per p/lb. produced = $120.00p/lb.

Resource of 50Mill p/lbs would be worth around US$6 Bill. Profit.

Just a little twist on it. If the utilities want to be able to aquire the uranium in coming years then the small (in some cases low grade 5/10mLb) producers have to be commercial or there will be a massive under supply.

Hope the above pans out.

Cheers

Xan