Ann: Rock Chips Assay High Grade For Gold , page-5

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  1. 33,305 Posts.
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    re: Ann: MEP: Rock Chips Assay High Grade For... Cheers for the thoughts TR333.

    At least it is slightly above consolidation ratio er 0.001cents. I think my average is about 0.003cents, so on a loss for this full on speccie.

    Any way announcement really needed soon. Perhaps some info on drill rig contract for Karoo??

    A nice bit of info about ERA having to buy u308 to fulfill contracts due to a 35% fall in production.

    A short extract:
    ERA Q3 uranium output drops 35%, cuts output
    http://uk.reuters.com/article/idUKSGE69C00220101013

    ERA Q3 uranium output drops 35 pct vs yr ago

    * Rio Tinto unit blames less rich ores for the drop

    * ERA says 2010 output target cut by up to 800 tonnes

    * Braces for adverse impact on 2010 earnings.
    etc etc
    -------------------------

    This you would assume will put some pressure on the short term price and contract price of uranium.

 
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