Ann: POSITIVE EXPANSION STUDY RESULTS PROGRESS HONEYMOON TO PFS-BOE.AX, page-4

Yep thats a good all in cost BKY just signed a letter of intent for 1Mlb at $41 a pound, if BOE could secure off take for their 2Mlb of production simple math tells us 41-24 x 2,000,000 = $34mill profit on $82mill revenue, 20 year mine life aswell looks good to me.

So the numbers make sense if you can secure long term contracts, so why isn't BOE booming well obviously sentiment is at an all time low, but more importantly to achieve that $24 cost they need $57mill to upgrade the plant, I think getting that funding will be the infliction point here.

I don't think funding will be easy at this point it's going to be a big challenge, I think they need to get contracts signed at $40+ then funding will follow, with better sentiment it would already be running, but until it finds some funding I think it will just float about.