Tuesday, February 13, 2007

Uranium reserves update for FRG and EMU

  1. I checked EMU's recently financial statement, it has total of 260m lbs of uranium reserves (including measured, indicated, inferred and historic data). Actually 190m lbs of that are from historic data.
  2. FRG just reported today, in its uranium deposit (owned by Aurora Energy, which is owned 47.2% by FRG), the latest estimate is:
    1. A Measured and Indicated resource of 58 million pounds of U3O8 ("uranium"), and
    2. An additional Inferred resource of 38 million pounds of uranium.
  3. So both of these two companies have lot of reserves.

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