From my research I expect them to have a small mining operation, with 2mlbs mined over 10 years. That equates to 200,000lbs p/a @ $69p/lb. Conservative profit of $25p/lb. So we have a small uranium operation bringing in around $14mill earnings, with profit around $5mill p/a.
With a small MC, this amount of earnings is pretty significant & will fund exploration in their other leases, and also allow them to finance any ramp-up in production.
One of the directors also runs a mining contracting company, so once they get the mining approvals sxpected soon, they go straight into production.
The next few months is going to be interesting indeed.
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