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downsideup

11/20/08 1:58 AM

#29894 RE: downsideup #29892

One of the things that means... is that the first round of drilling will NOT ONLY be proving up the first compliant report using assay results from the D zone, it will ALSO, hopefully, be proving up "something more" in a method that is statistically relevant in terms of using radiation as a control in estimating "other" values. Having that to use as a tool could enable making better estimates of the values in the entire property... basically by adding an extra dimension to the perspective in the analysis.
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mkt_predictor

11/20/08 2:42 AM

#29895 RE: downsideup #29892

I think safe to say either way, this is extremely undervalued based on what lies beneath those claims. Add to the fact it is commercially viable to go after those resources, then you see this move from just another mining play to a probably revenue producing company down the road IMO.
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Max Power

11/20/08 11:40 AM

#29910 RE: downsideup #29892

I covered most of your concerns under the additional considerations paragraph. Of Course the REE content may be lower that the samples... That is why I wrote "Potential". The REE content may also be a lot higher too! The pr stated that there were more REE in the sample but were not mentioned by name.. The important thing here is we have REE is economic quantities, and that is a rare and valuable thing indeed!
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Dobie Lama

11/20/08 12:40 PM

#29914 RE: downsideup #29892

Great, we may have thorium deposits too.

Thorium is a chemical element with the symbol Th and atomic number 90. As a naturally occurring, slightly radioactive metal, it has been considered as an alternative nuclear fuel to uranium.

When pure, thorium is a silvery-white metal that retains its luster for several months. However, when it is exposed to oxygen, thorium slowly tarnishes in air, becoming grey and eventually black. Thorium dioxide (ThO2), also called thoria, has the highest melting point of any oxide (3300°C).[1] When heated in air, thorium metal turnings ignite and burn brilliantly with a white light.

Thorium has the largest liquid range of any element: 2946 K between the melting point and boiling point.

As an alloying element in magnesium, used in aircraft engines, imparting high strength and creep resistance at elevated temperatures.
Thorium is used to coat tungsten wire used in electronic equipment, improving the electron emission of heated cathodes.
Thorium is an alloying agent used in GTAW ("Gas Tungsten Arc Welding") to increase the melting temperature of tungsten electrodes and improve arc stability.
Uranium-thorium age dating has been used to date hominid fossils.
As a fertile material for producing nuclear fuel. In particular, the proposed energy amplifier reactor design would employ thorium. Since thorium is more abundant than uranium, some nuclear reactor designs incorporate thorium in their fuel cycle.