Based on your estimate of 233ppm (assume /tonne) ave grade of the "significant" assays, and assuming: 1. 90% recovery; 2. U3O8 <- U of 85%; 3. Current price U3O8 = US$64/lb 4. 1.4 tonnes per cu metre. 5. Total revenue = US$53.4 million Aussie exchange say 98 = A$54.5 million.
Whats a plant worth to build and what is the operating cost to produce? Assume capex US$15 million (I have no idea actually!), and opex of US$10 per tonne treated (US$15.4 million).
Thus maximum net revenue of (US$53.4 - $15.0 - $15.4) million = US$23 million = A$23.5 million = 28 cps.
This gives a max value of the project.
My calculation and assumptions may be wrong! I invite you to correct any wrong basis or wrong assumption in the calculation.
I am excited at the other assets as the real blue sky, since tailings have a finite resource.
NMR Price at posting:
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