Boss Resources: Broker valuation update & Option Study results

This is a paid advertisement from Boss Resources Pty Ltd. HotCopper does not endorse, approve or have responsibility for the particular offer or statements made.​

Boss Resources (ASX:BOE) has announced a positive Study for their Honeymoon project in South Australia, which is one of only 4 uranium projects in Australia that is fully permitted for uranium mining. Over $170m has historically been spent on infrastructure at the project.

The Study highlighted that capital cost for Honeymoon to re-commence production would be US$7m (0.8Mlbs pa) whilst the cost to expand production up to 2Mlbs pa would cost US$57m. More importantly, the study also highlighted the steady state operating costs were estimated at ~US$24/lb U3O8 equivalent, which would make Boss Resources one of the lowest cost uranium producers on the ASX.

For the full announcement CLICK HERE.​

A number of leading brokers also updated their valuation post this announcement, ranging between $0.17 to $0.27 / share, compared to our current share price of $0.05 / share. Access to these reports can be accessed by clicking on the links below.

PATERSONS
http://bossresources.com.au/2016/09/29/patersons-research-note-september-2016/

EUROZ
http://bossresources.com.au/2016/09/29/euros-research-note-september-2016/

THE SOPHISTICATED INVESTOR
http://thesophisticatedinvestor.com...esources&report=valuation-update-october-2016

The Honeymoon project is located in South Australia and is one of only 4 uranium projects in Australia that is fully permitted for uranium mining. $170m has already been spent on infrastructure at the project, which includes a 0.88lb pa solvent extraction processing facility, 75km powerline to the power mains, camp and administration office, vehicles, spares and other significant infrastructure. Honeymoon has a current resource of 57.8Mlbs (654 ppm U3O8), and an exploration target of +100M lbs. An exploration program at Honeymoon is due to commence in the coming months.