Thanks wrxsti.Its a good document, and I suggest all AGS...

Thanks wrxsti.
Its a good document, and I suggest all AGS watchers have a very good read of it and understand the consequences.
The Geoscience Australia report which is tabled to Parliament, is a very good, no nonsense evaluation of our mineral resources.
The fact that it even mentions AGS above all other junior explorers, shows how significant the government thinks this find is.

In addition you will notice that cutoff figure of USD $130/lb.

Geoscience Australia uses a cutoff figure of 5 times the current price of Uranium to get this figure.
So this year Geoscience Australia will use around $180/lb.

So when a Uranium junior has a deposit that is inferred, what they are often saying is "We have x tonnes that maybe economically viable in the future if Uranium Prices hit $180/lb"

Dont be fooled by many of the other Uranium Juniors claims, many have rubbish deposits.

AGS stands out as a very rich large deposit and this is what you need to economically mine.