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After doing a bit more digging I agree something is a bit fishy here.
2,000,000 lb x $71/lb = 142 Million
2,000,000 lb ore * .0027 x $71/lb = $383,400
200,000,000 lb ore * .0027 * $71/lb = $38,340,000 (their #)
or
2,000,000 lb ore * .27 * $71/lb = 38,340,000
I would almost guess that the factored in some sort of mining efficiency factor (it costs something to get it out of the ground and refine it), but its strange that their number is spot on the percentage mistake.
Is it really possible that they could get out a PR with an error as bad as this??
I do believe the .27% is just the concentration. 20 mil pounds of uranium is 20 mil pounds, not 54,000. If it was 100% average grade, it would be 20 million pounds of ore, that happened to be pure uranium. Here we have 20 million pounds of uranium in (20,000,000/.0027) 7.4 Billion pounds of rock. So they need to extract 7.4 billion pounds of ore, refine it, and the will be left with 20 million pounds of pur U3O8.. another note for geologists, its u3o8, the letter o, not zero, to represent the chemical composition of the Uranium Oxide.
NOOO!!! You'll make us find a whole new bottom!! lol....
What are you waiting for Jar Gon, Take one for the team already!! :-P
If he wants to raise that much capital, won't he need to find a way to bump the share price? Doesn't make sense to keep dumping at this price....
not quite green here, but at least were only down .0001 instead of .0004 like this morning.
Interesting how for this whole week we've been dropping in the AM, holding dropped for a long while, then pulling up again just before close. Makes me angry all day, then slightly happier at close of market.
Have a great weekend all!
I bought in initially for .0065, averaged down twice, now im in at .0025. I didn't buy in for a whole lot initially, so i'm not doing too terribly right now. Still down 45%, but thats better than 78%.
not at .0014 i dont... bring me back to my break even point and I'll think about it
Thats exactly how you need to look at it. Just don't gamble with what you can't afford to loose.
This stock is painful to watch....
and there probably won't be until a certain CEO decides to speak up...
anyone tried calling white mesa mills or their parent company? see if we can get them to say anything
what makes you say that?
bid / ask not budging even though the price is bouncing between the two.. might be a good sign that we're near the bottom?
I managed to average down to .0025 today.. makes me feel a little better than the 0053 I was at before. Although now I have a bunch more.... I keep telling myself it cant go lower than this!
Nope definitly not mine thats there. SBSH was there, but got filled and left. down to 15 again, although i still should be at 16.... this stock is a weird one
Sumthin funny is up again.. I have had a bid in for .0016 for a while, and its not showin.... no trades for almost a half hour...
a few, last one I see was .0017, @ 12:44.. E*Trade doesnt do so great on the volume though, so not sure how much... total is 12.55Mil
nah, thats .0014, when they fill my bid
we'll see if they fill me at 14...
We thought it was bottom every day so far this week, and all of last ;)
trying anyhow... i'll believe it when I see it :)
I see .0019 x .0020, last price .0019, volume 11.8M
Sorry if i'm wrong, i'm still trying to learn my indicators. Shouldn't the Bol Bands have an equal range?
The SMA was set to 50, and the bol was set to 20.
Also, IMO, the 15 day fits better.
http://www.profitspi.com/stock-chart.aspx?id=RSDS&ca=1609601598
Again, correct me if there was a reason it was done that way, i'm trying to learn my stuff.
Now we're playing the game of how many days in a row can we loose 30%... going on 5.
heck, at this point i'll even take .006
Just waitin around till March 19th, when they put out their earnings report... I think we'll see it creep up the week before, until then it'll stay around here, maybe drop a few, gain a few, nothing major though. I'd be surprised to see the low 20's again.
I would have my doubts that we will hear about any starting of mining.
More likely, they will do the testing needed, and determine how much they actually have, then sell it off to a big established, currently operating mine.
Either way, it's not going to happen overnight. If they diluted to raise capital for more testing, then we are going to have another couple of weeks before we here any results. Based on what we heard, we probably won't get a PR saying that they are doing testing. More likely, we will hear something when they have results in hand.
I would guess the decline will slow, but we will probably see the teens again for a few weeks, until they have a chance to do more testing. It's not something that happens overnight.
Hah, at this point the Selling commission might hurt more than whatever else it has in store. Glad I only bought in for a little...
I keep considering it... although every time I do it drops another 30%.. dont think I wanna screw you guys again quite yet... lol
E*Trade shows an aftermarket order for .0035 went through... anyone else see this?
Tryin to start out in the green today... lets hope it doesn't do the same as yesterday... It tried to start out green then too...