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Message: Re: Uranium(Tau..FIS)...... TOO..

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Jan 21, 2011 07:20PM

tau
Jan 21, 2011 08:05PM

Hi TAU..

- 0.28% Average Grade of ore



Here is a company that is using Denison's Mill (They get a cut)..
I have been in uranium when the first U3O8 boom was on in SASK>in the late /'70's..
Look at the yield of the stuff they are milling ..the number of tons...and the # of pounds that they yeild at the .28%...

White Canyon Uranium Ltd.: Daneros Milling Yields 204,450 Pounds of U308

- 0.28% Average Grade of ore

- 94.06% Recovery Rate

Then Multiply that poundage by the spot price..$68.00 US/pound....$13.9026 MillionUS!!!!

http://www.uxc.com/review/uxc_Prices.aspx

Now if the grade of .28% gets you $13.9 million..what the hell are you going to make with the 20%+++grade U3O8 that FIS Fission energy up in the Athabaska basin???..I can't count that high..but you can see that Uranium is worth XXXXXX times worth its weight in gold..That is why I'm in it..

I understand the market and the fluctuations..

Enjoy the Uranium lesson..LOL

http://www.marketwire.com/press-release/White-Canyon-Uranium-Ltd-Daneros-Milling-Yields-204450-Pounds-of-U308-TSX-VENTURE-WU-1384601.htm

PORTEE

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