GREY:BHNGF - Post by User
Comment by
deninsaskon Jan 19, 2007 1:02pm
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Post# 12051543
RE: Global Outlook Report - Scotiabank
RE: Global Outlook Report - Scotiabank
Conservative or not if uranium goes up to 80 we'll have $4.8 Billion Insitu and it will be worth $900,000,000 ready for delivery.......based on 60 million lbs.uranium and minimum $15 profit/lb.
We're working on getting the recovery costs down so even if we get them down to only $60 Insitu value remains the same at $4.8 Billion but ready for delivery goes to $1.2 Billion...........All very conservative at this point.
I know the high-grade uranium pom-pom boys&girls try to bash us for low-grade but the numbers are there. Remember the First Phase is OPEN PIT so recovery costs to start will be very LOW!!!!!