EME
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2.60% 7.5¢ energy metals ltd

resource "u" upgrade news pending!, page-23

  1. oze_wolverine
    2,614 Posts.
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    17/04/09
    20:44
    Post #: 5025107
    much of the drilling was inside the current pit designs so there was high certainty on this seasons drilling with most holes mineralised proving up what they have. i am hoping they crack 30m lbs.

    the JV agreement means that we probably won't get any real numbers even with the next scoping study but i believe the cash costs should be around mid USD$25/lb which stacks up pretty nicely with long term U pricing and is still compelling at spot considering the relatively low capital costs.
    EME Price at posting: 63.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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