fag packet

i've crunched some very conservative NPV numbers for Firawa as a stand alone, and only based on the known 12mlbs resource that we currently have. I'm can see a baseline NPV ~$100mio using contract U price, industry average OPEX and relatively high (for heap leach extraction and low strip mining) CAPEX/mine development costs of $70mio. That equals 17c, if you risk that by 50% as FTE is pre development 8.5c. Believe me, there is a lot of fat in the cost and development numbers. So any increase in resource (2 or 3 times has been stated) or lift in U price and this project's value increases exponentially.... and you get all the Mauritanian stuff for free. This is why i've stuck with this share through thick and thin.

To put my money where my mouth is, I bought more tonight on AIM as these prices are at a deep discount to potential.
DYOR