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2,409 Posts.
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31/01/11
01:01
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Harry. They are looking for 400-500ppm in some areas and to grow the resource to 300mlb.
Uranium is not bulk commodity, so at initial stage of producing 3mlb, so 6 trucks every month.
Once BFS complete, they will be looking for a partner to raise $200M, This will de-risk the project.
Initial design is for a shallow open pit, as orebody is 70m from surface.
They can have power on site for around $5m.
I am still not sure of estimated cost per lb. If on the right side, has good potential
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