JNR Resources Inc JNRRF

Fraser Lakes showings

[christie59]

First of all, RedRose.  Just because in the Athabasca Basin they are mining high-grade deposits does not mean that it is impossible and/or uneconomic to mine lower grade deposits.  In fact, the Athabasca U deposits are unusually high grade.  Deposits currently being mined in other countries are not even remotely as high grade as the Athabasca showings.  Most are lower than 1% U3O8 for mining grade (and often are only about 0.1% U3O8).  Just look up the Australian deposits, Rossing deposit in Namibia, and the Rozna U deposit (avg grade 0.24%)

As for being far from roads, etc.  They aren't probably as far as you think from roads, etc.  First of all, the showings are only about 50 km from the Key Lake mine/mill complex.  They are even closer to the nearest roads, etc.

Also, keep in mind these are surface showings, and that they are hosted within basement rocks, which decreases the cost of mining quite significantly compared to mining an underground sandstone hosted deposit (which typically requires freezing of the rocks prior to mining the ore).  Therefore, it can be economic to mine such a deposit at a much lower grade.

If you don't like the riskiness of U exploration, why are you investing in it?

[redrose]

I'll tell you what christie69 I have been investing in uranium a long time and know about the economics of mining low grade uranium. I've made money from investing and picking winners and will continue to do it. You and genhandjob should get together. Its not going to happen with the grades you talk about in northern Sask. Cameco' Rabbit Lake Eagle Point mine is marginal at

[GenHandgrenade]

So redrash your mechanic buddy at MacArthur river has told you the everything there is to know about JNR properties and what can be found there LOLOLOLOL    I suppose he also told you to hang on to the stock you paid 2 bucks for all the way down to .20  He's also the guy who's telling you not to aveage down.  Yep Red keep listening to your mechanic buddy you

[FANTOMAS]

Still would like to know why you have bought into this company in the first place ?No answers yet !It´s one thing bashing a stock, but I will never understand why someone says he is invested AND bashes this very stock .FANTOMAS

[redrose]

I bought into JNR when the stock was 5c back in 2003 or so. I doubt if any of you late comers were around then. Did any of you clowns meet the past president , Dale Hoffman? I have. They actually had potential at one point  and management seemed to be keenly interested in finding uranium instead of their current course of padding their bank accounts and having joy rides to China and Australia

[GenHandgrenade]

You know the old saying "sometimes its better to remain silent and be thought of as a fool than open your mouth and remove all doubt" Your last post was one of those times LOLOLOL. Bought at five cents hung on through $4 and are sitting at .28. Still a tidy profit but holy crap why didn't you take some profit. You could be reloading right now. No wonder you are bitter but its your