Vanadian Energy Corp V.VEC.H

RE: grades very low.

[seanyboy]

I agree Huesos, there doesn't seem to be a good understanding of the low grade, high tonnage strategy. As I see it, an average of just a 1/2 pound per ton would yield over $50 a ton, and the only estimate I've heard from costs would be about $25/ton. Latest drill results seem to support this scenario for the ore body... we'll need to see a lot more drilling of course, but URC is on track. My guess is they'll do this much drilling in a few other spots and also in Sask before going to the feasability stage at any one site. It will be several years before URC sees production, and U could be quite a bit higher by then, given the supply/demand gap. I really like URCs situation now, not to mention management.