GREY:UEXCF - Post by User
Comment by
KansasCrudeon Jan 11, 2012 3:48pm
412 Views
Post# 19393074
RE: RE: RE: Question
RE: RE: RE: Question Was not addressing you! But you are obviously clueless also so I can see why you may have thought so. Quack4 was the originator of the the question and made the statement about CCJ owning 50% of UEX.
As far as the grades you are talking surface open pit mining vs. deep shaft mining. Big difference in the costs. Since you are a mine expert so to speak you are also most likely a financial expert too! So you can see from the IRR analysis on Hidden Bay (page 22 of the presentation) that Hidden Bay has an
IRR of:
42% at $60 U
55% at $70 U
66% at $70 U
At a Discount rate of 5%, I'm sure no one at CCO/CCJ would want those puny returns. So here is your lesson for the day. Surface open pit mining at the grades of less than 2% are pretty dang good when you can use a bulldozer to feed your mill. Also please clue Cameco in on making money from open pit....they are mining less concentrated pits than Hidden Lakes.
https://www.uex-corporation.com/i/pdf/ppt/CorporatePresentation.pdf