GREY:BHNGF - Post by User
Comment by
loparnon May 02, 2007 11:18am
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Post# 12711017
RE: finally/MEG 55
RE: finally/MEG 55Logic tells that it would be VERY strange if just the REO separation from the ore would cost more than USD 55/lb (and that safety margin would be even better if the mentioned 1:3 ratio is actually more like 1:4 or 1:5) when the uranium production would cost USD 65 or so without REO credits.
In any way GEM must be extremely undervalued, in my view, with extremely nice risk/reward with these new "discoveries"