RE:Fission Uranium's Triple R Deposit - Upside Galore interesting how you leave out the uranium price needed for those metrics. At today's prices it is "uneconomic". If you know 10 years out (when FCU is scheduled for production - best case scenario) what the price of uranium will be you should have a booth at your local fair doing fortune telling. JMO
Uranium wrote: The Triple R deposit is located on the Patterson Lake South property in the Athabasca Basin. The prefeasibility study envisions project with a pre-production capital outlay of $1.18 billion and a total capital cost of $1.46 billion.. It would have a post-tax net present value with an 8% discount of $702 million, and a post-tax internal rate of return of 25%. The post-tax payback period would be 2.5 years.
The resources are estimated to be 2.2 million indicated tonnes at an average grade of 2.10% uranium oxide, and 1.2 million inferred tonnes at 1.22% U3O8. Over the seven-year life of the mine, Fission will recover approximately 78.7 million lb. U3O8.
The Patterson Lake South property also has tremendous exploration potential.
The company says only 25% of the area has been tested.