"C1 unit cost of production(2) for 2016 was US$16.25/lb, a decrease of 39% from US$26.50/lb in 2015.
Sales revenue of US$55.2M for 2016, selling 2.125Mlb U3O8.
Average realised uranium sales price for 2016 was US$25.96/lb U3O8 compared to the average TradeTech weekly spot price for the period of US$22.63/lb U3O8
Underlying EBITDA(3) for 2016 of US$5.7M, an US$11.3M deterioration from an underlying EBITDA of US$17.0M for 2015.
Underlying all-in cash expenditure(4) per pound of uranium production for 2016 was US$28.38/lb, a decrease of 33% compared to 2015 of US$42.66/lb.
The Restructure Proposal continues to progress and as at the date of this Financial Report, bondholders representing 71.6% of the 2017 Convertible Bonds and 45.9% of the 2020 Convertible Bonds have already signed undertakings to support the Restructure Proposal."
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