THR is awaiting assays from its drilling programme at Hale River uranium prospect where it has been drilling a 47 hole air core sampling programme since 13th May.
The latest spot uranium price at $US133 per pound equates to $A360,000 per tonne of U3O8. This means that one-tenth of one per cent uranium is worth $A36,000 per tonne of ore in the ground, and that even a small fraction of one- tenth of one per cent uranium is economic to mine.
We KNOW that there is uranium at Hale River; just read THR's reports on their sampling to date. I personally have found good samples of uranium at Hale River and Harts Range.
We are about to witness a dramatic rise in the share price of THR which will shock most people. Conix
THR is awaiting assays from its drilling programme at Hale River...
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