Pele 5,000,000 lbs u3o8 per year or more?Based on the style of uranium mineralization at Elliot Lake, bulk underground mining of this deposit is feasible. 30 million tonnes is just the beginning, 60 or 90 million tonnes is probable, Shefsky is on record for suggesting 200 million tonnes. When Al mentions developing a world class facility, I think he means it! Based on the potential resource we have, I envision a mill that could be fed at least 15,000 or more tonnes per day for twenty years or more. Cost per tonne would be very much lower than the $65 per tonne put out by Scott Wilson RP for the 30 million tonne 43-101 resource estimate, maybe less than half that amount.
In summary, I think this play is sustainable at a much more modest u3o8 price than most people think.