Furi - FYI the PNN consultnat report on Crocker and Mt . Victoria was released on 24 March 2006 - you can check on ASX website - basically the consultant seemed to give the project the thumbs down, but to stress, this was based on an exisiting u308 price of $US 39 per pound - as I said, it could be a very different equiation now based on the current market price.
What this underscores is the importance of grade and recovery rates and recovery costs, to project economics. Without the increase in u308 price, the Crocker development would have been low grade/marginal at best.
In the next stage of the bull market - after a number of the BullSh#t speccies have bitten the dust (& been swatted like gnats) the market will begin to focus on a select number of stocks for cash flow/profitability analysis - well, you know where I'm putting my money. Oban might not be a large mine, but it looks like it will be very profitable, given the clever way management is structuring the Oban project.
CUY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
