Paladin Energy Ord Shs PALAF

Primary Symbol: T.PDN

Metals & Mining Industrial Metals & Minerals

Paladin Energy Ltd is an Australia-based independent uranium producer with a 75% ownership in the Langer Heinrich Mine (LHM) located in Namibia. The Company also owns a portfolio of uranium exploration and development assets in Canada and Australia. Its segments include Exploration, Namibia and Australia. The LHM is located in central western Namibia approximately 80 kilometers (km) east of Swakopmund and 85 km northeast of the Walvis Bay major deepwater harbor. Its Patterson Lake South (PLS) Project hosts the Triple R deposit, a large, high-grade and near-surface uranium deposit. The property comprises over 17 contiguous claims totaling 31,039 hectares. Its exploration projects include West Cluff, Larocque, Seahawk, Merlin, Corsair, Typhoon, Michelin, Manyingee and Mount Isa. The Company, through its subsidiary Aurora Energy Ltd, holds a 100% interest in over 98,320 hectares of mineral exploration licenses. These are located within the Central Mineral Belt of Labrador, Canada.

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Paladin Energy Ord Shs

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Comment by AyuFanon Dec 05, 2013 11:54am

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Post# 21974661

RE:Spot price drops again.

In financial perspective, it may not save money.

They need to take into account the delivery cost, trasnaction cost, and cost to maintain a mine that is closed.

I believe their cost for uranium is $29, however they are still losing money selling the product at $37 (I forgot what they stated in the earnings).

My point is, if you include the administrative cost, they may lose LESS money than buying on the spot.

Companies that buy on the spot may have a mining cost that is over the current spot price.

Just my opinion....

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