Replies to post #157143 on CMKM Diamonds Inc (fka CMKX)

[Spokes]

And how much does it cost to mine it and process it per ton?? Seems near worthless to me.

[gump90]

Uranium ..
It is now much in demand and it sells by the pound as U3O8 .. TSX can tell you exactly. But the Saskatchewan uranium ores are very rich .. dollar value .. like more than $100 / ton in contained U308. One mine is so rich that the radiation is dangerous to the miners. That one is mined by remote controlled machines underground and by large diameter hole boring to collect the cuttings. After the U3O8 is recovered .. it is called 'yellow cake' .. it must next be greatly concentrated to make industrial or bomb grade.