RE: Megphi & ChattyUreka, since you're an astute junior mining investor, I'm sure you already know the answer, but I will answer it for you anyways in order satisfy your need to hear it from me directly. There is no estimate of the size of an ore body because drilling to date has not determined, in any type of certainty, if an ore body exists.
But what is your point? That's why JNR is trading at $0.47. Once the size of the ore body is determined, as well as grade, and it's deemed to be an economically feasable deposit, do you expect the share price to still be $0.47? If you won't buy shares in the company until they determine the size and grade of the deposit, that's fine, but you'll be paying a much higher price, albeit with no risk, but also no share appreciation potential.
Is it that you don't like uranium juniors? I'm sure you're aware how many holes are needed to determine a uranium deposit, as opposed to other commodities such as gold or copper. How many holes were drilled at McArthur River before they even sniffed high grade stuff? And I know you know the answer. Well over 100 holes before they even got anything like drill holes ML3, ML25, ML29, and ML35.
If you want to invest in uranium juniors, can you name me a better choice than JNR?
IUC's market cap is about $245 million. However all the properties they are doing work with involve JNR, where they will eventually own 75% of the property in question and JNR 25%. But IUC pays all property costs and initial exploration costs. They also own a few minor (in situ leech) properties in the US and Mongolia that may become feasable as uranium increases. They also have the White Mesa Mill, but that can't account for more than $8 million towards their market cap. At current prices, their market cap is 7.2 times that of JNR. I believe that is too high and should be closer to 3.5 or 4 to 1. That's why I like JNR.
UEX I can't even understand. It makes no sense. Their market cap is about $123 million or 3.7 time bigger than JNR's and they don't have a single property that I believe has the potential to hold a feasably economical deposit. All their properties are ones that Cameco (kept Millenium Project) and Cogema no longer wanted. Their properties are intersecting uranium at depths that will not be mieable unless they have McArthur River type grading or uranium is double where it is now. That's why I like JNR.
And Strathmore, in my opinion, seems to only be a proxy on the price of uranium, although they have interesting people involved(Quartermane) with the company. But no work being done or, if I've read their NR's appropriately, no work even planned on any of their properties. How good can their properties be when they were able to buy some, with apparent known deposits, for $50,000 and a few shares. That's why I like JNR.
Maybe you can answer my question Why are you so against JNR Resources and why do you continue to post here if you have no interest in the company, except maybe short-selling?