..(Bearing in mind that BLR are looking to conventional mining...

..(Bearing in mind that BLR are looking to conventional mining in the first 5 years Not use ISL)
\Based on report below it may cost them as much as $60/lb U308...that may not bode well on the scoping study front....Happy to hear others thoughts as this may be why the market is not convinced
read below

*** ISR Advantages****
Low Capital Cost ¨C
estimated $
33.2 per lb of production vs $64
per lb of production for hard rock mining (
Source RBC Capital equity
research October 22 2007)
Lower operating costs compared to conventional projects
(
average $15 per lb U3O8 vs
$17.5 per lb U3O8 RBC Capital comparison of 5
ISR and 4
conventional
mining projects)

Smaller work force required

Minimal surface impact as extraction is via well©\
fields

No earthmoving

No crushing requirement

Lower capital and cash costs allows greater production from
lower cut©\
off grades