Specializing in the strategic acquisition, exploration and development of uranium properties and is headquartered in Kelowna, British Columbia

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Message: Re: hole 187 is a game changer - Hathor resource = 58 Mlbs

Wikipedia has a good summary of the Hathor story, quoting NI-43-101 resource estimate for the combined East and West zones of 58 Mlb U3O8, link below:

http://en.wikipedia.org/wiki/Hathor_Exploration

If FCU has a potential of ~100 Mlbs then a rough estimate would give 2 x $654M (price paid by Rio) = $1.2B, i.e. some 2 x current sp of 2.66 = $5.30/s. Sounds reasonable?

Still fine tuning/checking my math, using a shoebox model (to make sure that there is no error committed), but it looks like we may have a deposit > 100 Mlbs. Anyone else has any guesstimate around that number? (noting that Sudbury Novice mentioned 100 Mlbs...your own guesstimate, SN?)

goldhunter

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