Ur-Energy Inc T.URE

Alternate Symbol(s): URG

Energy

Ur-Energy Inc. is engaged in uranium mining, recovery and processing activities, including the acquisition, exploration, development and operation of uranium mineral properties in the United States. It is focused on uranium recovery and processing operations, in addition to the exploration for and development of uranium mineral properties. Its land portfolio in Wyoming includes 12 projects. 10 of these projects are in the Great Divide Basin (GDB), Wyoming, including its flagship project, Lost Creek Project. It controls nearly 1,800 unpatented mining claims and three State of Wyoming mineral leases for a total of approximately 35,400 acres at its Lost Creek Property, including the Lost Creek permit area and certain adjoining projects which it refers to as LC East, LC West, LC North, LC South and EN project areas (collectively, with the Lost Creek Project, the Lost Creek Property). Its Wyoming properties together total approximately 48,000 acres and include its Shirley Basin Project.

TSX:URE - Post by User

Ur-Energy Inc

Bullboard Posts

Comment by moneymotivatoron Mar 09, 2010 3:29pm

282 Views

Post# 16862252

RE: RE: Companies current position

Study indicates favorable economics
Greatest sensitivity –uranium pricing & recovery efficiency
Economic at uranium prices above $40 per pound U3O8
Summary Highlights for minimumLife of Mine (LOM)
Model based on 6 mine units totaling 8.1 million pounds U3O8
Total Production –6.5 million pounds U3O8(80% recovery efficiency)
Does not include all NI43-101 resources or prospect of resource expansion
Base Case includes 20% contingency to both operating and capital
Operating Costs (base case) = $23.36/pound
Capital Costs
Projected Cost of 2 Million Pound per Year ISR Plant = $30 million
Projected Costs of drilling, environmental, engineering, etc = $32.5 million

https://www.ur-energy.com/storage/investor-info/presentations/20100112%20URE%20Corporate%20Presentation%20January%202010.pdf

Good point but I am assuming that the 50+ million in the bank will be used towards to cost of building the mine which is expected at 30 million and they will also require another 30+ million to take care of drilling, environmental, engineering, etc

So am assuming that when the companies pays for all this and gets the mine in operation that the operating costs will remain at $20-25/pound. So capital cost at $40 would only be temporary.

Is there any other costs which would impact the long term economics to the project in addition to their operating costs?

Bullboard Posts

This junior mining stock offers billions in market exposure