OTCQX:PALAF - Post by User
Comment by
greedfearon May 14, 2009 11:09pm
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Post# 15994916
RE: RE: Great Quarter!!!!
RE: RE: Great Quarter!!!!PDN has started U production not too long ago so a loss is expected but if you look at the following statements we should see a good profit soon!
Production of 685,874lb of U3O8 for the quarter at the Langer HeinrichUranium Project in Namibia (up 40% from same period last year) and hasexceeded nameplate design production for the third consecutive fullquarter. Production for the nine months was 2,010,410lb.
- LangerHeinrich Stage II production expansion to 3.7Mlb per annum isundergoing commissioning and finalising construction. Production rampshould be completed in the June 2009 quarter and nameplate designthroughput is expected from July 2009. Expenditure to 31 March 2009 wasUS$35M. The Stage III expansion proposal is to be presented for Boardapproval in June 2009.
- Sales of Langer Heinrich uraniumconcentrate for the quarter of 453,000lb U3O8 averaging US$54/lb. Salesof Langer Heinrich uranium concentrate for the nine months of1,576,000lb U3O8 averaging US$56/lb.
- Kayelekera Uranium Project(3.3Mlb per annum) officially opened - construction remains on trackwith commissioning commenced in January 2009 and production ramp-upcommenced in April. Expect to reach full nameplate production inJanuary 2010.