Post by
tas20 on May 22, 2006 2:12pm
to711666
a few short facts: 1% equals 20lbs X 43$=860$ per ton.this equals 1.3oz of gold per ton at 650 per OZ. Would that excite you at surface?? .1%=2lbs X43=86$ton. Yanachocca is mining less than 1 gram gold which until recently was 15$per ton. do you see some room for an economic deposit?? name a mine that on the first set of drill holes found the Best result.this mineralization is VERY widespread and likely there will be better holes to come,the news release stated that the >than .4% data is being analazied presently and there are more drill holes to come MANY more.the price of u308 was the only metal that DID NOT loose value last week a long term chart in constant dollars takes this to over 100$ in a heart beat. do some dd. on the fundamentals of u308 and the expected demand in the next decade. with enough tonnage this deposit can be economic at .5lbs.per ton.