What they are saying here is that the income that WCU will get from 2009 onwards from Denaros, will be able to fund exploration & ramp up of the rest of their deposits & targets ... they say "within two to three years".
WCU do have a lot of prospective ground, but are focusing on getting Daneros into production. They will then be income producing & self-funded for the next 10 years. This will allow them to self fund new exploration, development & production ramp-up. Not sure about the 10mlbs mentioned, I think that must be the total of their historical resource potential, which over a 10 year minelife(company's statement), that would lead to a 1mlbs per/annum production. They will be able to get top prices for their uranium from US utilities. Pretty good stuff for a small company.
Its a small-time start, but could put them in a very powerful position.
I like the story, and will hold to see what comes from it
cheers
WCU Price at posting:
22.0¢ Sentiment: LT Buy Disclosure: Held
