The following is from Twitter and if true, it would not surprise me if JB is also presently in preliminary discussions regarding mine finance to advance DYLs Tumus deposit!
for GoviEx:- “The (feasibility study) confirms the strength of the Madaouela project and its ability to deliver good economic results at a time when inflationary pressures are having a significant impact on the development of new projects and operating mines,” GoviEx executive chairman Govind Friedland said. “We maintain our projection to be able to start producing in 2025, subject to project financing.” The open pit and underground mine has a price tag of $343 million. Using a U3O8 price of $65 per lb. And a molybdenum price of $11 per lb., the after-tax net present value (at an 8% discount rate) is estimated at $140 million and the internal rate of return at 13.3%.
will be interesting to compare DYLs Tumus DFS numbers which are due this quarter.
DYL Price at posting:
73.5¢ Sentiment: Buy Disclosure: Held
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