broker reports, page-21

This project does not look financially viable to me and I can see the share price here continuing lower to reflect that.

This is taken from the Broker Report :-

"Financial Returns & Payback: With a mine life of 33 years (based on Indicated resources only and a approximate 1:1 strip ratio) and assuming a uranium price of US$70/lb for uranium and US$41.60/kg TREO, the project generates a pre-tax ungeared NPV10% of US$4.6 billion, an IRR of 32% and a payback period of less than 4 years;"

Uranium spot price is currently $40/lb
http://www.uxc.com/review/uxc_Prices.aspx

Current Mt Weld TREO price is $41/kg and looks to be falling (especially with some major supply coming online)

Where are GGG going to get $1.5bn in capex investment when the project IRR is a high risk and overstated PRE-tax IRR of 32% ?