pierpont's article from yesterdays afr, page-22

Chi chi says...."you have not stated that labour costs in namibia are close to zilch, namibia has significant concessional environment in terms of tax, the production through put of that mine, and that of Olympic dam would dwarf that of MTN nor have you addressed whether the metallurgy of the namibian deposit aand plympic dam is similar or dissimilar to MTN's"
Ok lets talk costs......
ERA has been producing uranium for less than $9 for over ten years.
The price of uranium is $39.00...what's that less than 20%. (80% profit margin)
Now I have spoken to geologists and they maintain that the grade does not add considerably to the costs of production as long as the uranium can be leached out easily.
Dr Bogazc maintains that the uranium at Mt Gee is leachable.