GREY:BHNGF - Post by User
Comment by
loparnon May 02, 2007 10:52am
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Post# 12710766
RE: finally/MEG55
RE: finally/MEG55Yes the calculation shows USD 120 credits, but I cautiously just assumes the will be the same as the uranium production cost (i e maybe USD 65/lb).
So there is extra space for extra costs due to the recovery of REO.
But the space allows costs of USD 55/lb uranium produced for these extra costs and that sounds VERY high to me.
And as I said before the 3:1 ratio REO/U3O8 also is cautious.
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It looks almost too good to be true. - Exactly that phrase I used in my TAM analysis before - before they tripled in a few weeks
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