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UNX, URANEX LIMITED |
 Posted: Jun 24 2016, 06:40 AM
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Posts: 7,517 Thanks: 2549  |
In Reply To: Marana's post @ Jan 30 2014, 01:46 PM Magnis was a uranium exploration play called Uranex whose hopes had been smashed along with the rest of the uranium sector by the 2012 Fukushima nuclear disaster. - see MNS thread -------------------- "Every long-term security is nothing more than a claim on some expected future stream of cash that will be delivered into the hands of investors over time. For a given stream of expected future cash payments, the higher the price investors pay today for that stream of cash, the lower the long-term return they will achieve on their investment over time." - Dr John Hussman
"If I had even the slightest grasp upon my own faculties, I would not make essays, I would make decisions." ― Michel de Montaigne |
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Posted: Jan 30 2014, 01:46 PM
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 Posts: 273 Thanks: 13 |
In Reply To: Marana's post @ Jan 30 2014, 01:16 PM   To add, Block D is around 2km x 700m NARC008 is around 2% average grade NARC009 is around 10% average grade NARC010 is around 4% average grade NARC011 is around 2% average grade NARC012 is around 1% average grade NARC013 is around 3% average grade NARC014 is around 1% average grade NARC051 is around 5% average grade NARC052 is around 2% average grade NARC053 is around 3% average grade NARC054 is at best 3% average grade A 2km x 700m x 50m deposit is around 175 million tonnes of ore dirt Since most of Block D is uncommerial, it is very doubtful UNX have found any significant commercial tonnage The good hole, NADD002, is next to poor holes NADD003 & NARC008 but another good hole NARC009. Close holes NARC051 and NARC010 are low grade so in the area around good holes NADD002 & NARC009 is around 300m x 300m x 50m = say 10 million tonnes of ore at 10% best case estimate. However, as the overall results as well as in-hole are so sporadic (inconsistent) in terms of grade, it is doubtful there is a consistent deposit there. 
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Posted: Jan 30 2014, 01:16 PM
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Posts: 273 Thanks: 13 |
Very ordinary announcement today from diamond drilling (DD), which also released the belated RC drilling results.
14 DD holes over 2 exploration blocks NADD002 in Block D averaged 27.85m at 8.5%Cg from 3.2m NADD003 in Block D, 7 metres east & 210 metres north of NADD002, appears non-commercial, with very low grade the other 12 DD holes in Block C appear non-commercial 54 RC holes drilled, with only NARC028 in Block B, NARC009 in Block D and NARC044 in Block J having any semblance of commerciality, in my personal estimation imo, success rate from 68 holes = 6% the overall grade is very low it appears the market cap of this company at 15 cents is $45m fully diluted (after subtracting the cash from exercise of options)
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Posted: Dec 17 2013, 05:03 PM
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 Posts: 3,051 Thanks: 98 |
In Reply To: frodo's post @ Dec 11 2013, 09:20 AM Great stuff  bulk of my profits gone in one swoop  shame it came under the radar.
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Posted: Dec 11 2013, 09:20 AM
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Posts: 3,051 Thanks: 98 |
In Reply To: frodo's post @ Dec 10 2013, 03:49 PM UNX drilled two holes looking very good for 2014 with plenty more to go. |
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Posted: Dec 10 2013, 03:49 PM
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Posts: 3,051 Thanks: 98 |
In Reply To: frodo's post @ Nov 20 2013, 09:20 AM Arty have you forgotten about my little UNX perhaps you would like to have a look and tell me if its got sacks of gold waiting to fill my stocking? |
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Posted: Nov 20 2013, 09:20 AM
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Posts: 3,051 Thanks: 98 |
In Reply To: ShareScene.com's post @ Oct 24 2011, 11:26 AM This stock is really doing well the past couple of weeks. Glad I can do something right 
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Posted: Oct 24 2011, 11:26 AM
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  Posts: 4,290 Thanks: 206 |
Name updated by request.
From: URANEX NL (UNX) To: URANEX LIMITED (UNX) Regards, ShareScene Admin |
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Posted: Dec 16 2010, 11:58 AM
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 Posts: 3,278 Thanks: 84 |
In Reply To: landy's post @ Apr 21 2009, 06:02 AM Running very nicely on recent drilling results and proximity to Mantra! 
-------------------- From little things big things grow.
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Posted: Apr 21 2009, 06:02 AM
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Posts: 1 Thanks: 1 |
UNX has gained quite well over past weeks, uranium is coming into vogue again
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