here we go, page-61

I would advise you to read this. PDN's operating costs..which would of definately gone up by now.


"Based on the mill throughput design of 1.5Mtpa of ore, the BFS showed 1,180tpa U3O8 could be produced for the first 11 years at a head feed grade of 0.0875% U3O8 and 401tpa U3O8 over the last 4 years, using the accumulated low grade stockpile grading 0.032% U3O8."


"The operating cost for the reserve defined BFS averaged US$14.18/lb U3O8 over the life of the project and, for the first six years, costs averaged US$12.20/lb U3O8. Projected capital costs totalled US$92M, including a 10% contingency plus an “accuracy provision” totalling US$10M. This is higher than previously reported, but the potential longer project life of from 15 to 24 years has made minimisation of operating costs a very credible objective. Increasing capital expenditure to facilitate this exhibited, on an incremental basis, a comparatively small impact on project economics compared to operational cost increases and long term project performance."

So what is DYL's grade for their calcrete deposit? 240 ppm? You can work out the operating costs roughly. Good luck. BMN walks all over DYL. BMN = LOW Grade/Large Tonnage/Low cost uranium mine is what Bannerman will have..similar to Rossings..and it will be built to operate for the next 30-40 years.