overview, page-21

elz

they are looking to spend 20-30 million of 18 months.

That is not alot as dropping costs even if it progressive by 20% will insure cashflow for the 150k production will be multiles mof the spend

I agree though that this is a gold uranium play and assessing the asset only as a gold asset over the LT is wrong. However if costs cab be pushed sub 1000 which they beleive they will do in the ST, then even a 500 margin would produce 75 million excess cash per annum and wold pay the acquisition off in 3.3 years.

the issue that people are missing is its in production, many of the costs associated with prod ramp up are gone/dove, infrastructure exists for a bigger operation. improving margins wont take much, resultin an a quikish pay back

i dont think it will be a cash drai from modder east, and may add to cash accumulation quicker than people think.

if the uranium piece is succesful, 2 years cash flow will pay back costs