I should add here too that we are talking about collapsed breccia pipes. Where mineralized, these are normally high grade, or very high grade, and low cost, even if the mines are small compared to other types of uranium projects. Also, the more mines, the lower the overall processing cost (at least to the point of diminishing returns, which will set the limit on annual production anyway).

Recall too that by USGS estimate one-third of the pipes in the area are thought to be mineralized, meaning LBSR/Genesis should have AT LEAST 110 mineralized pipes. These claims were expecially selected for LBSR by an outside expert, AND REPRESENT THE BEST TARGETS IN THE REGION. Everyone else came in to stake the leftovers, so it could well be that the "hit" rate for NPSP could be 40, 50, 60 percent or more.