The JORC for Taylor has been delivered on time and on budget. The cash in hand is 14 mill.
The company has stated that it will get a Scoping study for the Taylor Ranch mine released in Q1 2008.
Mine Permit applications have been submitted.
The company aims to min 15 mill pounds of U in 10 years. With U at $US93 per pound currently and cost of extraction around $35 per pound, it leaves 870 mill profit for 10 years. If this is cut down to about 1/3 for conservative analysis the sp would sit at the 50 cent mark!
Look out for a great scoping study in 2008. High Cut off grades of 750ppm with still 22 mil pounds. You may ask why the high cut off grade, that is likely to be for use in the scoping study to conservatively estimate profit.
The JORC for Taylor has been delivered on time and on budget....
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