Ann: Pre-Feasibility Study Demonstrates Robust Economics, page-9

thanks guys for your responses.

One concern would be is the current oversupply of Uranium on the market and will be this way for the next 3 years according to experts so its a 3 + year wait to get good margins and prices will struggle until we sort out the supply/demand issue- it will come but just not as quick as we would like . I notice they said that their all in costs were estimated to be $30 /lb so once they take off demortisation/ tax etc there wont be much if anything left as NPAT. I think they based their numbers on a L/T contract price of $65 which is a long way off , however this is the key for rising U producers- once upon a time yesterdays announcement woudl have seen the shareprice go up at least 20% - just shows how the Fukushima and public opinion have quelled the U bull run from back in early 2011- Once they get all their permits up to date it will be the issue of the funding requirements of $40 million and where it will come from - thats significantly important in the scheme of things as without that your stuck- if the funding comes easily then game on - if they struggle to get funding then they may have to dilute shares on issue and seriously capital raise- anyhow good to hear some of your comments and how professionally they were conducted - thanks again
Ill put it on my watchlist and see what develops

cheers schu