ABLATION & HANSEN DEPOSIT
# Extensive testwork undertaken
# Consistently recovered ~95% of the U3O8 in ~10 of the mass
# Potential to reduce 750 000 of ore produced per annum to ~75 000t of concentrate
# Upgrading of 0.127% U3O8 or to ~1.20% U3O8 concentrate
# At $50/lb,1.20% U3O8 concentrate is normally $1320/t
Which means :
$1320/t x $50 = $66 000t
$66 000 x 75 000t concentrate per/anum = $4.9 BILLION
Ann: Investor Presentation - February 2013 , page-5
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