Hi FO I was being lazy, but I have pasted the cost estimates from the last quarterly report.
The Program and Budget runs from 1 November 2013 to 31 December 2014 and is summarised as follows (all costs in AUD unless stated otherwise):
Production of 1.886 million pounds (lb) of uranium oxide and sales of 1.5 million lb uranium oxide.
Cash expenditure (Jan-Dec 2014) of $76.9 million (ACE's share $19.2 million).
Total expenditure is less than the previous budget due mainly to deferral of Four Mile West (FMW) capital costs associated with placing the first FMW wellfield into production.
Allowing for expenditure to date, total cash expenditure for Nov 2012 to Dec 2014 is $87.7 million (ACE’s share $21.9 million), including resource delineation drilling of $12 million.
Cash operating costs (Nov 2012 to Dec 2014, includes mining, processing, shipping, marketing and royalties) of $31.48 per lb uranium oxide with development costs of $8.65 per lb uranium oxide (includes drilling, wellfield construction, infrastructure and engineering but excludes resource delineation drilling).
Total costs (Nov 2012 to Dec 2014) are $40.13 per lb uranium oxide.
Rehabilitation costs are covered separately by bonds put up by Quasar (as to 75%) and ACE (as to 25%).
Sale prices and AUD/USD exchange rate are forecast to be US$44.42 per lb uranium oxide and 0.9 respectively (A$49.36 per lb uranium oxide).
Total project revenue of $74.0 million (Nov 2012 to Dec 2014).
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