. MGA Announcement was released at 4.12P.M. after TSX Close, so one would / could / should :) expect some upward movement in Megas share price to-night.
Mega Uranium Announces Results of Scoping Study of Lake Maitland Uranium Resource, Western Australia.
.- Based on an annual throughput of 1.67 million tonnes of ore at a cut-off grade of 200 ppm U3O8, production is estimated at 1.65 million pounds U3O8 per year over a mine life of 10 years. - Total capital cost US$85.1million. - Average operating cost US$16.6 per pound U3O8. - At a US$75 per pound U3O8 sale price, the project has a NPV of US$181.4 million and Investment Rate of Return of 43.4%.
- Leaching recovery rate of 90%. - Long term Australian dollar exchange rate US$0.80. - Cost of capital 8%. - Corporate Tax Rate 30%. - NPV discount rate 10%.
- A capital cost of US$85.1 million. - An average operating cost of US$16.6 per pound U3O8. - A Net Present Value (NPV) of US$181.4 million. - An Investment Rate of Return of 43.4%.
- Our project development team is now focused on advancing the project through to production in 2011.
