Here is project spreadsheets(EXT,BMN,ACB) as your request.
BMN ‘s capex and operation cost has not came out yet, but BMN has same style ore(Rossing style Alaskite) as EXT has, and mine, process same amount ore(15m ton) every year, so, capex and operation cost shouldn’t be too much difference between EXT and BMN.
Let’s assume BMN can do 20% better than EXT on both capex and operation cost, that is not a easy target for BMN, then his capex is $704m x 80%=$563.2m, operation cost is $349.6m x 80%=$279.7m, I hope BMN can do better than that.
I made another assumption too, his operation cost can be 30% better than EXT ’s, just in case BMN ’s shareholder is not happy. I think EXT share holder should ask their management why, if BMN can achieve that.
ACB is a cheap stock, but not as cheap as some people thought, ACB has 61mb primary uranium in his 98mb (62%) resource is likely not economic, because its recovery rate is only 36% and is deep, that’s why his scoping study showing his mining life is 7 year at 2.2mb/year rate when uranium price is US$55/1b, and 11year at 2.2mb/year rate when uranium price is US$80/1b. IMO, people talking about how cheap his EV/1b doesn’t make any sense.
Because I used uranium price US$70/1b, assume mining life is 9 year.
EXT Price at posting:
$8.25 Sentiment: Buy Disclosure: Held
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