i love this company, page-6

I am wary of the exploration results. The last lot had deep intersects from 50-279m that I guess mean underground mining not open cut, apart from two drill holes the results were narrow intercepts with 2-3g/t. The analysis also showed U. A downside of operating in a developed country is the strong environmental hurdles, especially for Uranium miners. The exploration results show potential. Proof of the potential will be getting environmental approvals and statements about the capital and operating costs for any new mines.
They told us a long time ago they were doing a cut back. But they have been slow to say how that is progressing and when it will be finished. The last qtly said waste at Svartliden reduced from 900,000 t to 600,000 t but they did not say how much longer they will have high stripping ratios.