RE: Is .01% Good
The moral of the story is simple: As the next leg of the uranium bull market gears up, it will no longer be enough for a company to simply tout the multi-million pounds of U3O8 they’re sitting on. Investors, especially the major institutions, have moved up the uranium learning curve considerably over the past two years. Increasingly, such buyers will be asking not only, “How much have you got?” but also, “How good is it?” If the answer is that a deposit is low grade and deeply buried in hard rock, it’s time to head for the nearest exit.