Bhang Inc BHNGF

RE: Just my point!

[coach247]

There seems to be a heavy misinformation campaign afoot regarding the grade of the uranium. I have pointed this out before but for clarity it is worth repeating. Considering on the grade of a deposit is not going to give much value on the economic potential. The other facts that should be noted are the expected mining costs, and the total tonnage that can be mined with reasonable economic parameters. One might also make operating assumptions to estimate the number of years of mine life that tonnage would support based on a realistic extraction rate. If one considers that Elliott Lake is attractive because there is a large deposit that can be bulk mined using conventional processing methods, then the grade of even 1 pound of uranium per ton would make far greater economic sense than some other deposits with difficult circumstances that have much higher uranium grades. Also keep in mind that the database for the processing and recovery expectations is already on hand and therefore an even higher degree of confidence can be assigned. Some people are quick to blow smoke and try to confuse novice investors with misinformation. The reality is that Elliott Lake is one of the few uranium deposits with the critical mass to support a large mining operation with a reasonable cost structure. Most other deposits that are advancing toward production are so small that they will not generate meaningful long term production. There are only a handfull of legitimate uranium producers right now, and I am quite sure that each and every one of them has Elliott Lake on their radar screens for a possible JV or buyout. Critical mass for a deposit to support a large mine is one of the most important considerations that a developer will look at first. We have that and the potential to grow the deposit from here is also real. cheers! COACH247