THR has today given us a very usefull progress report on its uranium exploration. May I draw to your attention the section on the Harts Range Project, areas Daicos and Haddock. The grades here are as we discovered them in 1966, and in my view, the geological setting is particularly promising for a significant uranium discovery[probably several].
We need to keep in mind that U3O8 sells for $A 210,000 per tonne atm, so that each tonne of 1 % U3O8 ore is worth in the ground $A2,100. It is also worth being aware, that a tonne is roughly only one-quarter of a cubic metre. Hence, a tonne of 5% ore [as they mention] is worth $A10,500. Good luck, C
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