Did anybody notice when Andrew was speaking, he said production of U could reach 17 to 18mil pounds of U, from the planned 15 mil per year ?
A rough quick guess. Assuming all costs stay the same. As the increase in production is due to higher grades being processed.
15mil pound of U / year at roughly $60/pound, $900,000,000 and 18mil, $1,080,000,000
$180,000,000 extra income produced per year.
What else could one say except, nice :) This extra alone would help pay back debt far quicker and or produce a monster div, to the share holders.
Suggestion, you need to replay Andrews broadcast a couple of times.
PS, have a think on the what if factor, of the long term sale of U is at 80, 90 or one day $100/pound, WHICH IT COULD BE, as the mine will run for at least 20 years, on the PRESENTLY DISCOVERED ore bodies.
Exciting times for Extract s/h'er ahead
EXT Price at posting:
$7.80 Sentiment: Buy Disclosure: Held
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(20min delay)