isr or open pit, page-20

'sircorp'
To clear up the confusion in capex & opex re:TOE
1. you are quoting old costings in AUD when everyone else is using USD.EG.
HIGHLIGHTS
� A 28% reduction in operating costs to A$39.7/lb U3O8 (US$29.8/lb)
from A$53.9/lb (US$40.4/lb) previously;
� A 17% reduction in upfront capital costs down to A$162 million
(US$121m) from A$195m (US$146m) previously

They've since changed their preferred method to Alkaline agitated leach from Alkaline heap leach(costings are higher,but recovery of u3o8 is greater)
Capital Costs=A$258m (US$193m)
Operating Costs=A$45.1 /lb (US$33.8 /lb)
Method of mining=strip mining about 10m deep


RE:BLR
The 2008 scoping study doesn't come close to your figures,
Treatment of ore through own processing facilities with
conventional acid leaching
􀂃 Production of ~2.2 million pounds of U3O8 per annum
􀂃 Cash cost of production of ~US$34/lb U3O8
􀂃 Initial capital cost of development estimated to be ~US$160
illi
Drilling at the Taylor Ranch Uranium Project.
million
􀂃 Mine and mine infrastructure ~US$60 million
􀂃 Processing facility ~US$100 million

We await the new and revised costings!