Great initial PEA!Cost per lb will only come down the more uranium is found.
With the exclusion of 600W, there's a possibility it could come down substantially.
Lots of scare tactics flying around lately regarding the deposit being under a lake and uneconomical. I guess we can finally squash that theory.
In addition to managing radiological issues common to high-grade uranium mining, a key technical challenge to developing the operation will be water control related to Patterson Lake and saturated sandy overburden. The PEA proposes a system of dykes and slurry walls - proven techniques successfully implemented at a number of Canadian mining operations, including the Diavik diamond mine and the Meadowbank gold mine. The development scenario does not require any new, untested, conceptual mining or construction methods.