Best part of release - mill newsPresident Michael Collins commented:
"Bluerock is committed to developing shareholder value in the near term through toll milled production in Colorado, in the medium term with the development of resources and a mill in Utah, and in the long term, through the development of large minable resources through our Mongolian exploration. The acquisition of these five projects addresses our medium term goal to build sufficient uranium resources in Utah to support a 1200 ton per day Utah mill."
figure the future earnings on a 1200 tpd mill.
Big money.
Historical grade at tramp was .28 to .32 %
and at J Bird area was .34
Say .30% ave. x 1200 tpd x 2000# = 7200 # U a day
7200 x $80 x 365 = Gross $210 240 000 less costs of course and waste etc.
Equals big future share price.
I'm longer now more than ever.
Mineone