Hi BB
"In addition, they each extract the U at a cost of $16 per lb of U. EXT has 16.1 Mlb of U, so EXT costs are $258m. BMN has 6.7 Mlb of U, so BMN costs are $107m. Add them up:
EXT: $387m for 16.1 Mlb = $24.04 /lb <- a good check of our sums
BMN: $236m for 6.7 Mlb = $35.22 / lb <- a more reasonable outcome"
That's wrong, if you work out this way, that means BMN's ore is same grade as EXT's, so process 1b U is same cost.
Another thing is you should production 14.8mb and 5.9mb, because there is recovery rate and BMN's recovery rate is lower.
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