Ive starting looking at other Uranium companies, both exploration and production.
One that produces 1,800 lbs a month from Kazakstan has a Market Cap of £1B. Another that appears to not be producing but has more definate reserves than URA is valued at £350M.
Based on the technical data available today can any Uranium or Geologist expert give any opinion as to the range of volume / weight of Uranium that URA might be sitting on.
The concentration of 55ppm or I guess 0.055 grams per kilogram is clearly good. Does this mean that if they dug up 20,000 kilograms of ground of that concentration they could extract 1 kilogram? If they have hundreds of sq meters of such land do they have tonnes and tonnes of the stuff.
Is the extraction process expensive?
If we can get into the same league as URAMIN, URA could be worth 150p. The bigger company I was looking at was UUU, I think.
Any technical people out there who could give some advice?
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