Can anyone here that knows about Uranium production please verify these figures.
The grade reported is similar to the Ranger Mine operated by ERA. Source: http://en.wikipedia.org/wiki/List_of_uranium_mines
(Windimurra is 0.17%, Ranger is 0.2%)
Production costs for Uranium are around US$20/kg, so that works out to be around US$44/pound.
Source: http://www.nti.org/db/nisprofs/russia/fissmat/minemill/develop.htm
Current Uranium price is US$93/pound.
Therefore profit of 7.5 million pounds of Uranium (if sold today): $367 million
Are my back-of-the-envelope figures wrong?
Cheers,
Richard.
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