Re: drarther "have you forgotten to consider ranges uranium investments in Peru which has the potential to be equal to or larger than Namibia."
PDN has Measured and Indicated of 22,200 tonnes of U3O8 and Inferred of 23,800 tonnes of O3O8
RSS has Inferred of 2,400 tonnes of U3O8
RRS need to increase the confidence of the mineralisation to Measured and Indicated to get banking finance. This may or may not lead to an increase in tonnes of U3O8.
AT current PDN has 19 times U3O8 than what RRS has and at a much greater confidence level.
The report "Uranium Resource at Corachapi" has 2 mistakes in it. On page 3 they quote 1,600 million tonnes at 0.15% U3O8. Given the total tonnage of U3O8 they obviously mean 1.6million tonnes. Under JORC rules they should also not have quoted inferred figures to that many significant figures. They should have quoted 1.6Mt not 1.600million tonnes.
Did anyone read page 21 of the RRS Prospectus dated 2nd Dec 2005 regarding risk?
G
RRS Price at posting:
0.0¢ Sentiment: Hold Disclosure: Not Held
