"It will be the better-quality projects that get to the front of the queue. And 'better quality' means low cost in terms of capital and operating costs, as well as being in a relatively easy country in which to operate."
From the PEN presentation P.29 : http://www.peninsulaminerals.com.au/images/peninsul-2--quulu.pdf
* ISR mining with centralised plant * Uranium mineralisation over the 13 projects range between 500 -1200ppm eU3O8 * Estimated recoveries 80% -90% * Anticipated capital cost US$40 million plus US$8 million annual well-field capital * Estimated operating costs US$15/lb U3O8 * Total costs US$28/lb U3O8
Trees FYI - Noting that "Total costs" includes Capex funding. Of which is indicated with a payback in the first 18mths of operation.
PEN Price at posting:
4.5¢ Sentiment: LT Buy Disclosure: Held
