more reading and peoples opinion, page-4

Nice Mick, very nice indeed...

"It will be the better-quality projects that get to the front of the queue. And 'better quality' means low cost in terms of capital and operating costs, as well as being in a relatively easy country in which to operate."

From the PEN presentation P.29 :
http://www.peninsulaminerals.com.au/images/peninsul-2--quulu.pdf

* ISR mining with centralised plant
* Uranium mineralisation over the 13 projects range between 500 -1200ppm eU3O8
* Estimated recoveries 80% -90%
* Anticipated capital cost US$40 million plus US$8 million annual well-field capital
* Estimated operating costs US$15/lb U3O8
* Total costs US$28/lb U3O8

Trees FYI - Noting that "Total costs" includes Capex funding. Of which is indicated with a payback in the first 18mths of operation.