Read on Twitter
There is a new presentation out for $FUU, you can find it here: f3uranium.com/site/assets/fi…
This map on page 20 of the drillings so far seems to be new, but very useful to get an idea of what they have found so far:
This map on page 20 of the drillings so far seems to be new, but very useful to get an idea of what they have found so far:
Here you see the outline of the mineralized area, so far the zone seems to have an average width of about 30-35 m, the strike length is 105 m and the average thickness is about 10 m. 
That makes a total of about 35,000 m3 mineralized ore. The average grade so far is about 4-5%. Comparing with other calculations I have seen, 1 m3 should contain about 500 lbs at these grades, which brings us to a total of 17.5 Mlbs of uranium ore. The value at today´s spot price
of 57.70 $/lb would then be just about $1B. That is just after scratching the surface a bit, that number will probably double or triple after the summer program. Add another 100 m of strike length and you will double this. The grades are also increasing to the south for now.
Increase the average grade from 4% to 5% and the pounds in the ground will increase by 25%. 6% and they will increase by 50% etc. The rising spot price will also increase the value each day.
As a summary, $FUU is my top-pick in the #uranium sector because: They are currently drilling to expand the deposit. Grades are exceptional with peaks over 65%. They are surrounded by other ultra high grade deposits. Management is a world class uranium exploration team.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
