DolphinDo the maths on the EBITDA, and you will see that your...

Dolphin

Do the maths on the EBITDA, and you will see that your post is very inaccurate.


Last paragraph of Fosters Report dated 15/06/2012

"Our indicative economics using the scoping study results, based on a 2Mlb/pa production
profile using UBHM/Ablation and off-site milling, highlights potential annualised EBITDA of
$67m and a short payback period of <2 years. We have assumed C1 cash costs of $29/lb
(adjusting for milling, transport and royalties) and a L/T realised price for the concentrate
of $63/lb (a 10% discount to our L/T uranium contract price of $70/lb and still at a
discount to the current contract price ~$85/lb)."


"C1 + off-site milling + transport + royalties = $ 29/lb"

I know, not quite as high as you were lead to believe, by a particular poster.

PEA will be a big green giant killer, in every sense of the word IMO


Swiss