"The bigger misconception is that Iran has somehow misled the IAEA about its stockpile of low enriched uranium. The IAEA report does not suggest that Iran failed to declare material. Here is the actual paragraph from the report:
"3. The Agency has finalized its assessment of the results of the physical inventory verification (PIV) carried out at FEP on 24–26 November 2008, and has concluded that the physical inventory as declared by Iran was consistent with the results of the PIV, within the measurement uncertainties normally associated with enrichment plants of a similar throughput. The Agency has verified that, as of 17 November 2008, 9956 kg of UF6 had been fed into the cascades since February 2007, and a total of 839 kg of low enriched UF6 had been produced. The results also showed that the enrichment level of this low enriched UF6 product verified by the Agency was 3.49% U-235. Iran has estimated that, between 18 November 2008 and 31 January 2009, it produced an additional 171 kg of low enriched UF6. The nuclear material at FEP (including the feed, product and tails), as well as all installed cascades, remain under Agency containment and surveillance."(...)
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