Another View Of Blending

UPON entering the Uranium Field it was a pleasant surprise to find almost absent two factors that have always been a problem to the lead-zinc miner: 1) milling cost per ton, and 2) transportation cost to the milling site. Another interesting condition was the fixed price for the product. Under such conditions it seems rather simple to calculate the economics of a mining venture when grade and tonnage of a uranium ore deposit is known. That is assuming, of course, there is a market for the ore. It has been quite generally assumed by operators that a guaranteed price carried with it a guaranteed market, a subject about which there has been a great deal of discussion in the past several months. The fixed price for uranium in crude ore, calculated to U3O8, varies only slightly in value per pound from rather low grade ore to rather high grade ore. It is by taking advantage of this slight variation in price per pound in certain ranges that miners and shippers may increase substantially the monthly returns from ore shipments.