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Message: Good Stuff..

How Much is that Uranium Worth?

in response to by
posted on May 11, 2009 11:19AM

Good work KXL - concentrations not mineable yet at that depth, but a strong indication. But then, we're right next door to Cameco.. Some worthwhile articles:

1) click link: "How Much is that Uranium Worth?"

2) Comparison - Arizona (per Portee, low grade shallow) - click link: Arizona Uranium

3) World Uranium overview - click link: world overview

From article 3) above:

"New Mines

Canada has two major mines likely to come into production in 2011: Cameco's Cigar Lake underground mine is being developed for 2011 start-up. It will truck ore for treatment at McClean Lake and Rabbit Lake mills, 70 km away, eventually to produce 7000 tU/yr. Areva's Midwest mine is smaller, with ore being milled at McClean Lake nearby, to produce 2200 tU/yr. With these operating, Canadian output could be substantially be concentrated at two mills: McClean Lake producing about 7800 tU and Key Lake 7000 tU per year, with about 3300 t/yr coming from Rabbit Lake. (See also Information Paper on Canada)."

The bottom line is - if we find the motherlode for our land parcel, Cameco may be very interested in processing the output in their mills / cedar



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