Do the Math AW Mill Tonnes Grade %U Tonnes Uranium
Blizzard 2.208 .1819 4016
Cup Lake 2.250 .0373 839
No AW it is YOU who are misleading and pumping Blizzard. Their ave. grade is only 4.87x and total tonnes is 4.78x greater. Boss is also paying $105MM. That would estimate our cost of $26.25MM... I don't think 6,030,000 shares @ .40 & .50 plus $2,075,000, and your $1.50 Royalty per pound= $26.25MM. 839 Tonnes uranium x $80 pound=Seems like a good deal to me.
After the 5-1 rollback Oct 12 2005 they are allowed to add UNLIMITED shares. They have gone fom 4 M shares in 2005 to 9M in 2006, 12M in 2007 and 16M by 2008. I don't think they wen through all this for no reason.
We will see on Feb. 20 which way it goes. At this point how could you possibly turn down any uranium property?
P.S. Hope I have more shares than U then your No won't matter!