"Approximately 100,000 tons of ore would be mined over seven years. The maximum production of ore over a two-week period would be 4,000 tons."
Basil,
Fairly complex methodology, more simply put:
100,000t x 0.3% = 300t
1 tonne = 2204.62262 lbs
300 x 2204.62262 = 661,387 lbs
So they have set a goal of mining maximum 100,000 tons of ore per annum, to produce 661,387 lbs of u3o8 per annum for 7 years
Now we wait to see what deal they work out with Dennison
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