Re: Uranium(Tau..FIS)...... TOO..
in response to
by
posted on
Jan 24, 2011 02:38PM
Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.
Hi TAU..
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%...
- 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.aspxNow 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
PORTEE