GREY:BHNGF - Post by User
Post by
deninsaskon Jan 17, 2007 11:02am
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Post# 12034093
GEM doingEXACTLY what they STATED
GEM doingEXACTLY what they STATED Keeping with the timelines they announced in late 2006
NI43-101 Resource Compliance in Jan./07
Exactly the Grade estimated by GEM Mgnt.
Met Insitu Uranium Resource estimated and exceeded it by an additional 25%......7 million lbs. more.
Technical Report states additional 25-30 million lbs. probable.....again in line with what Co. stated months ago.
You just have to admire any Company that keeps strict timelines and doesn't come up short on the promises.....EVERYTHING they stated months ago about this Resource is now TRUE.....EVERYTHING........and now they're focusing on lowering the recovery cost with newly designed and/or specially adapted technologies and recovery methods.
They aren't allowed to state it so I will.....there will be more than 60 million lbs of uranium resource to be mined here.....WAY MORE!!!!!
WAY MORE!!!!
Gem got half this property when uranium was around less than 45 or so dollars (if memory serves) with a view to the future and stated that it could become a profitable resource if uranium continued to increase..........at the time $65recovery cost was mentioned. Then they increased their footprint with the addition of another big set of claims. They are't getting into anything they haven't disclosed publicly and have been EXACT on every 'promise'including Profitability. Anyone not knowing these facts has failed in performing their own DD....it is not as a result of any mis-information by GEM!!!!!
They have DELIVERED EXACTLY WHAT THEY STATED!!!!
EXACTLY!!!