fosters morning buy report blr - pdn, page-3

Dolphin

Do the maths on the EBITDA, and you will see that your post is very inaccurate.


Last paragraph of Fosters Report dated 15/06/2012

"Our indicative economics using the scoping study results, based on a 2Mlb/pa production
profile using UBHM/Ablation and off-site milling, highlights potential annualised EBITDA of
$67m and a short payback period of <2 years. We have assumed C1 cash costs of $29/lb
(adjusting for milling, transport and royalties) and a L/T realised price for the concentrate
of $63/lb (a 10% discount to our L/T uranium contract price of $70/lb and still at a
discount to the current contract price ~$85/lb)."


"C1 + off-site milling + transport + royalties = $ 29/lb"

I know, not quite as high as you were lead to believe, by a particular poster.

PEA will be a big green giant killer, in every sense of the word IMO


Swiss