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Ur-Energy Inc T.URE

Alternate Symbol(s):  URG

Ur-Energy Inc. is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. It is focused on uranium recovery and processing operations, in addition to the exploration for and development of uranium mineral properties. Its land portfolio in Wyoming includes 12 projects. 10 of these projects are in the Great Divide Basin (GDB), Wyoming, including its flagship project, Lost Creek Project. It controls nearly 1,800 unpatented mining claims and three State of Wyoming mineral leases for a total of approximately 35,400 acres at its Lost Creek Property, including the Lost Creek permit area and certain adjoining projects which it refers to as LC East, LC West, LC North, LC South and EN project areas (collectively, with the Lost Creek Project, the Lost Creek Property). Its Wyoming properties together total approximately 48,000 acres and include its Shirley Basin Project.


TSX:URE - Post by User

Bullboard Posts
Comment by dbeaudeon Oct 29, 2013 11:26pm
160 Views
Post# 21860479

RE:RE:Ur-Energy Reports Third Quarter 2013 Results

RE:RE:Ur-Energy Reports Third Quarter 2013 ResultsIt depends on what they are costing out their inventory at. I believe it should be at their direct operating cost of $16 per pound. If so, this woud give them a volumetric inventory of 62,000 pounds which would be right in line with the expectaton from commencement of production to the end of the quarter as they just recently surpassed the 2200 pounds per day and the average for the first two months of production would have been less....say 1200. So 62,000 pounds divided by 1200 equals about 52 days. The production though offically started on Aug 2 they would have had a start up phase where they bugs needed to be worked out and initial production rates would likely been quite low to begin with. 
Bullboard Posts