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Tackler

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Re: Chamane post# 3835

Thursday, 07/13/2006 2:39:05 PM

Thursday, July 13, 2006 2:39:05 PM

Post# of 12676
LOL good point I was one decimal out...

1% U3O8 = 22.046 lbs U3O8/tonne
$45/lb times 22.046 lbs/tonne = $992.07/tonne

Gold $600/31.1 grams = $19.29 per gram
1g/t gold = $19.29/tonne

992.07/19.29 = 51.43

So: 1% U3O8 = 51.43 g/t Au

So: (U3O8 Price/ Au Price)*685.63 = U3O8 equiv g/t Au


T

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