rcr valuation dec 2012 , page-3

HI mick

i wonder if the lack of interest from the general market is due to the amount of cash in hand. Were "they" anticipating a capital injection from todays announcement.

can someone explain this to me- co product vs by product=
The Scoping Study indicates opex of US$13.50/t (US$26/lb U3O8co- product Ni and
Mo; or US$13/lb with by-product Ni and Mo)


with china hunting around and buying up good quality assets like EXT, i think Europe will have to watch their own backyard. Russia is also acquiring uranium one.

it will be interesting to see interest building over the next few days. BLR was not budging initially on the good news until a few days , to 1 week later.

lets see if the market will push higher over the next few days-weeks.

all the best!