- Joined
- 3 February 2006
- Posts
- 396
- Reactions
- 0
Johnm,
very hard to try to work it out now imo.
EXT will be drilling many holes which doesn't necesserly mean that every hole they dig will necesseraly be a production hole (even if physically it has U underneath)
In my understanding & I could be wrong that U mining is different from gas or general metals mining as 1 place could be full of U while another close point could have nothing, the cost of getting U out must be low enough in any particular point to allow profits of course & if qty of U is pity in any particular hole then they usually try to find another one that could be feasable financially rather than wasting time & money on a point with low production levels.
I think at this stage, with this info we got, the right attitude is to look forward to see results & production rate of first whole to come out then we can get a general average of what they could achieve from nearer holes etc,... but talking on hundreds of Kms scale, I find it very hard & trying to assume same luck as PDN or RIO imo we'll be optomistic & "very early".
that's my
cheers
very hard to try to work it out now imo.
EXT will be drilling many holes which doesn't necesserly mean that every hole they dig will necesseraly be a production hole (even if physically it has U underneath)
In my understanding & I could be wrong that U mining is different from gas or general metals mining as 1 place could be full of U while another close point could have nothing, the cost of getting U out must be low enough in any particular point to allow profits of course & if qty of U is pity in any particular hole then they usually try to find another one that could be feasable financially rather than wasting time & money on a point with low production levels.
I think at this stage, with this info we got, the right attitude is to look forward to see results & production rate of first whole to come out then we can get a general average of what they could achieve from nearer holes etc,... but talking on hundreds of Kms scale, I find it very hard & trying to assume same luck as PDN or RIO imo we'll be optomistic & "very early".
that's my

cheers