Thanks Daredevil. This means that Forsys is working with grades of 130ppm - and declare it viable. This from their announcement:
" The PFS financial model, even with the conservative price of uranium and project cost assumptions, shows an IRR of 70% and a payback of less than two years using only the initial reserve calculation. Duane Parnham further commented "We believe Valencia is an extremely solid project and one of only a few significant uranium deposits today with near term production visibility."
WME's Marenica project at 200ppm is looking better all the time...
Thanks Daredevil. This means that Forsys is working with grades...
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