UEX Corp T.UEX

In June 8th NR the Economics is worth a read

[chuckalau]

Uranium prices have risen substantially in the last several years, and UEX is re-evaluating all its resources and exploration projects with consideration of the new economic situation. In general, uranium deposits host some of the highest value per tonne of any other metal deposit types. The table below compares the gross metal value of uranium deposits to that of gold deposits: ------------------------------------------------------------------------- ------------------------------------------------------------------------- Uranium (U(3)O(8)) price: US$30 ------------------------------------------------------------------------- Gross Gross Metal Pounds Metal Value per Equivalent(xx) Equivalent(xx) Grade % per tonne Value per tonne(x) grams per ounces per U(3)O(8) U(3)O(8) tonne (US$) (CDN$) tonne Gold tonne Gold ------------------------------------------------------------------------- 0.10% 2.205 $66 $83 4.41 0.156 0.25% 5.512 $165 $207 11.03 0.389 0.50% 11.023 $331 $413 22.05 0.778 0.75% 16.535 $496 $620 33.08 1.167 1.00% 22.046 $661 $827 44.10 1.556 5.00% 110.23 $3,307 $4,134 220.51 7.781 ------------------------------------------------------------------------- ------------------------------------------------------------------------- (Gross metal values for uranium and gold are calculated before any mining and processing losses) (x) US$1.00 = CDN$1.25. (xx) 1.0 ounce gold = US$425. About UEX --------- See that 7 % figure at the high point on Bottom is that the near same as Pacific Bays( CBP ) 205 PPMs U -I think so 31 grams the ounce.. Chuckalau