LOT 3.51% 27.5¢ lotus resources limited

Ann: HCO TO ACQUIRE HIGH GRADE KAYELEKERA URANIUM PROJECT, page-38

  1. 7,323 Posts.
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    There was no insinuation. It was all in the open. I said BOE was all about dilution and Kay were a part of it. I predict the same here too.

    Why?

    1. U price under $25. BFS predicated upon $60
    2. Commissioning began in 2009. After 5 years. name plate capacity was never reached.
    3. This mine requires about $5m C&M per annum. The longer U price stays below $60, the greater the C&M expenditure, the greater the dilution.

    So yeah, rinse and repeat of BOE here.
 
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