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GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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Message: Uranium spot price now $84

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Uranium spot price now $84

posted on Oct 31, 07 07:51PM

Uranium prices climb again as speculators and hedge funds renew interest

Published Monday, October 29, 2007 8:05 AM by Jonathan Ratner

Uranium rose for a third straight week, with spot prices climbing US$4 to US$84 per pound, TradeTech said in the Oct. 26 edition of Nuclear Market Review.

The firm said two deals were reported during the week. The first, for 250,000 pounds of U3O8 equivalent, was reported at or very near the new spot spice. The other transaction was for 100,000 pounds and was priced slightly above the current price.

“... Renewed buying interest on the part of speculators and hedge funds is contributing to the upward price pressure,” TradeTech said in the report. “However, this demand remains predominantly discretionary. Buyers are showing some willingness to accept higher prices, but a gap, albeit more narrow than in past weeks, still remains betweem most willing buyers and willing sellers.”

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