Hi, apologies if this has already been covered, but wondering if anyone has data on the economics of setting up a milling and processing plant. According to the International Atomic Energy Agency it is no small feat and saw a report in 2018 stating, "The cost of the equipment for mining and milling uranium into uranium ore concentrate, which generally takes place on site, is over US $100 million and can even reach into the billions. Thus, private companies and state entities alike must carefully consider long-term economics before opening a mine." How are small cap stocks positioned to deal with such costs? I see EL8 has some tech but not sure what the impact of that tech would be on overall viability and what projected costs are per pound for EL8.
EL8 Price at posting:
81.0¢ Sentiment: Hold Disclosure: Not Held
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