fantastic uranium discovery....... read...........

My calcs on SCX's Bigrlyi uranium project...

11.4 million lbs of uranium x AU$81/lb = $923,400,000

Mining and processing cost of approx AU$28.29/lb = $322,506,000 (approximated from other Australian uranium feasibility studies)

Capital cost to establish a processing plant, mining contractor, waste disposal, water supply and rehabilitation = AU$100,000,000

Project cashflow over 10 years = $500,000,000

SCX cashflow over 10 years (5%) = $25,000,000

PV of SCX cashflow over 10 years = $15,000,000

Annual cashflow accruing to SCX (5%) = $2,500,000

PV of annual cashflow accruing to SCX = $1,500,000


So at a market cap of $6M vs a project PV of approx $15M, SCX looks very cheap!

Remember, SCX's other assets alone are worth over $5M!!!