CRB 20.0% 0.4¢ carbine resources limited

Ann: Half Year Accounts, page-3

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    Took a look at  BOE it is interesting -  from their website

    • 1. Fully Permitted with Export Licence for 3.3M lb pa with a JORC compliant Resource of 63.3M lb U3O8.
    • 2. Existing plant valued at $170M in good condition which has successfully produced and exported uranium.
    • 3. AISC of < US$24 /lb , ranking the Honeymoon Project in lowest cost quartile of world-wide producers.
    • 4. Significant exploration target of 100M lb U3O8, with huge 80km potentially mineralised strike.
    • 5. Team is highly skilled in the industry with an extraordinarily successful track record. ***
    *** Nothing like beating your own drum telling people how good you are

    It appears it could restart production with not to much difficulty given an improved Uranium price.

    The background on how CRB came to hold the options would be interesting - does anyone know? Clearly a no brainer to exercise the options
    Last edited by Koala1959: 19/09/18
 
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