RE:Updated Flow SheetMuppets sound surprised, but it has been pointed out numerous times that this undamental work had never been done, and also the basic time line revealed in the glossy M3 BS:
"The Company estimates the project can be fully permitted and Shovel Ready in less than 30 months from receipt of the necessary funding for these pre-construction activities." Well guess what, there is no funding, and nothing like the COH to anywhere complete flow sheets let alone complete a Feasibility Study over two years, which of course is what AIDEA is dependent on.
Yet again the VERY clear disclaimer is right under muppet noses:
"Ucore’s PEA is preliminary in nature, it includes inferred mineral resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as mineral reserves, and there is no certainty that the PEA will be realized. Mineral resources that are not mineral reserves do not have demonstrated economic viability."
Ucore has NEVER proved up the economic viablity of Bokan, because clearly it is NOT, now they are trying to lace it with minute traces of by-product that would only add cost & complexity to the project, likely marginal at best even if they managed reasonable recoveries.
NONE of this is new, been obvious for years, but begs the Q, what exactly did Ucore put in their DOD tender other than a bunch of glossies?