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Goviex Uranium Inc V.GXU

Alternate Symbol(s):  GVXXF

GoviEx Uranium Inc. is a Canada-based mineral resource company. The Company is focused on exploring and developing its 100%-owned Muntanga uranium project in Zambia. The Muntanga Project comprises three mining licenses and three exploration licenses with a total combined area of 1,225.9 square kilometers (km2). The three mining licenses include Muntanga, Dibbwi and Chirundu, encompassing 720.5 km2. The Chirundu mining license, which includes the Njame (north and south) and Gwabi uranium deposits, as well as the Kariba Valley (Chisebuka) exploration license. The Muntanga Project contains Measured and Indicated Mineral Resources of approximately 42.6 million tonnes at an average grade of 359 ppm U3O8, containing 33.7 million pounds of U3O8, and an Inferred Mineral Resource of 15.0 million tonnes at an average grade of 330 ppm U3O8, containing 10.9 million pounds of U3O8 in five deposits (Muntanga, Dibbwi East, Dibbwi, Gwabi, and Njame), located over 65 km strike.


TSXV:GXU - Post by User

Bullboard Posts
Comment by BOCKHO3on Mar 10, 2017 4:08am
291 Views
Post# 25961731

RE:RE:RE:Scroll down to the bottom to see World uranium reserves

RE:RE:RE:Scroll down to the bottom to see World uranium reserves Food for thought, and yes, all the moving parts do make it confusing. It is good to be astute enough to compare apples with ..... apples. First, consider uranium's depth. Is GXU going  shallow or deep, initially? The next issue is what are they mining into? Is it hard rock , etc. or sand. Next is excessive cost increase because of dangers involved in extracting highest of grades. ( not just liability, but popularity of instituting safety).  Next,  how available is nearby infrastructure and processing availability? Next, months of the given ( and limited) years looking forward, that temperature / earth condition permits economic mining. Next, availability of permitting to get uranium out of ground. If available resource must stay unmined for 10 years, how does that compare to the uranium that can be mined in 4 years , and possibly made readily available IF there is a supply imbalance ( in say China or India....) in say, 2020? What's the support and pay- it -forward to the government and local populace , by the mining/ development  company , where the uranium Will be mined? What is the experience level of the local populace ( and authorities) for a mining startup? What are labor costs in the strategic areas addressed? How far is the govt. willing to bend , due to their own need for Uranium production, and how ample is the current supply of in ground uranium ( in presently functioning mines) Or are current mines / nearby mines running out of uranium? (  ...............on which the govt. has  heavily relied, in past decades :  for schools, or hospitals, or creating  and sustaining country's infrastructure? Don't forget past , current and future scalability from friendly acquisitions by public companies and other governments. And lastly, the sheer powers of any or all of these combined, under one roof , of the most wealth collective families/ individuals/ company partnerships and investment supporters, internationally, historically. Now for every positive considered here, a negative possibility might be up for consideration,  by the well prepared , though common-type investor. Lots of moving parts and pieces, true? And there are more that are not listed  here presently. But this should be enough to initiate a Due D process. All of the above is up for consideration and all IMO.
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