GREY:ESOFD - Post by User
Post by
Tinmannon Dec 05, 2012 10:23am
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Post# 20685871
Expectations -- keep it real
Expectations -- keep it real Yesterday, Rain99 asked my expectations/hopes and I gave them. Some here have stars in there eyes, but be happy with anything in the 1% range at this depth. 1% U308 = 22 pounds per ton = about $900 per ton at current prices. $900 per ton this close to surface would be a dream. Mines are made not found, and the key to what makes a mine is economics. Cluff Lake was over 60 million pounds at less than 1%.
Anyone expecting the moon will surely be disappointed with anything less than the stars. Keep grounded in expectations and you won't overpay, nor will you give your stock away.
This is just the start.