re: Ann: Omahola Project Namibia - Initial JO... The uranium market appears to be applying some sort of rational commercialism at long last?
Around 500 ppm equates to approx $50 dirt.
Deduct mining costs (and these 500 ppm Namibian style operations usually involve bulk tonnages with extremely shallow deposits in readily stripped host rocks) does not leave too much to repay potential capital costs.
Aviva type deals at around 500ppm need 100 million tonnes of ore to cover the capital costs.
DYL misses out on both these presently perceived parameters for the time being. Treble the uranium price and the argument would alter-as it would for numerous other hopefuls!
No need to chase too hard for the time being in my opinion.
Cheers, TAS
re: Ann: Omahola Project Namibia - Initial JO... The uranium...
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