UEX Corp T.UEX

U308- interesting

[planet51a]

Found this on another board slthough the vlue of U is a little old it still is an interesting read. "In 1975, the highest-grade open pit U3O8 deposit in the world was discovered at Key Lake in Northern Saskatchewan. Cameco Corporation operated the uranium mine till 2000, which produced 170 million lbs of U3O8. In the early 1980's, the large deposit at Cigar Lake was found. The 22% U3O8 Cigar Lake deposit is 300 metres deep and contains over 330 million lbs of uranium. In the late 1980's, the highest-grade U3O8 deposit in the world was found at McArthur River. The McArthur River U3O8 deposit is 500 metres deep and contains over 500 million lbs of uranium. To put this all into perspective, the energy from one pound of uranium is equivalent to 10 tons of coal or 30 barrels of fuel oil. The high-grade ore at Cigar Lake and McArthur River, at $20 uranium per pound, is worth $5,000 per ton, which equates to a 13 oz per ton gold deposit. In total, the 2 uranium deposits have reserves worth $16.6 billion U.S." from the ABN website-overview information on Athabasca Basin Planet