Post by
DOLLARTALKER on Apr 24, 2013 10:56am
Any Resource estimate yet?
Back awhile ago,someone posted an article form seeking alpha and it gave a world of information as well at the time which was "very early" in this drill program, it was a guesstimate of 7m pounds and growing. Is there anything current? I have circled the wagons around this fantasic uranium find,I have owned Alpha since it was esso, I have added sizable positions in v.ptu and v.nxe incase the corridor keeps running there way.I believe this is a mon$ter find,and is not yet gettingf its full recognition, because of the major capitualtion going on with the junior golds and such.Everything has suffered,its a case of the baby being thrown out with the bathwater. this thing is just getting started, and the proof is in the pudding. My guess,Cameco will try to pull a fast one and scoop the whole show and maybe if the find continues along said corridor,maybe the v.nxe property with it .Becauce of there jv with ptu,they then would have a lock on most all of interest.my2cents
Comment by
letsgetready on Apr 24, 2013 10:58am
over 20 million pounds at this pod i'm thinking based on drill results..pod(?) is open
Comment by
leverage1971 on Apr 24, 2013 11:29am
Dollartaker... after PLS 51 on Monday Cantor Fitzgerald did a back of the "envelope" calculation on Zone 390E of 8.8 million pounds with 12million pounds total based on dimensions of this zone. I would say given that the average % grade of U308 is above the overall estimate that this number might be higher... but again I am not a math guy. Lev