cash costs now $34.35 avg over both mines

Although disaapointing to see a loss this half it was very expected and the main loss was from the impairment charge on the Kayelekera Mine for $96M.

The main positive is that cash costs are at an average of $34.35/lb and Langer Heinrich mine is performing at 104% of name plate capacity.

With futher cost reductions over the the next 18 months PDN is definately on the right track and at current prices alot of projects are getting deferred meaning when the uranium price rises we will be in very health and profitable position.

Until then the waiting game continues.