okay pen & blr, page-6

Reichman,

You are very funny, I said low cost, but you push me to tell you the exact $$.

No one can tell you the exact figure before the real production commence.

Just like I told you today is not hot, you ask me how many degrees on earth? Sorry I am laughing.

I just think this is common sense. Okay if you have to see a number now. I can tell you---100% less than $11/lb to dig out the higher grade U3O8 ore.

Why? BMN--a low grade U3O8 player-with a maximum depth of approximately 400 metres below surface. The depth is nearly the same as BLR, so COMPARABLE.

BMN's U3O8 grade is 1/2 of BLR. BMN works out mine operating cost (US$/lb U3O8)= $42/lb

If say : 50% of the operating cost is used to dig the ore out( this is impossible, just used to answer Reichman) then cost =$21/lb for BMN, BLR= 10.5/lb ( because double grade than BMN, so less ore digged out)

Are your satisfied with my reply Reichman?

Cheers.