I was just going over the EQN annual report and I wonder if I'm going crazy. Using the the Uranium cut-off grade of 0.01% they claim an indicated resource of 19,408,000 U3O8 lbs!!! Or in todays prices (US$120/lb) US$2,328,960,00 in ground. Can this be right or did I bugger up somewhere?
They are conducting a Uranium feasibility study now, but if their estimate is even close, and when you think of the MASSIVE copper resources they have....this is ridiculously undervalued!
If I'm wrong on the U figures please correct me.
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