"Denison Mines President Ron Hochstein said that Denison's White Mesa Mill, the nation's only operating uranium mill, has ceased its regular milling operations for the remainder of 2009.
"We will stop processing conventional ore through 2009, but will be processing alternate feedstock on a reduced scale, and we'll be laying off some personnel," said Hochstein.
"Our costs are higher than the current spot price." (Telluride Daily Planet May 9, 2009)"
I haven't looked at Dennison's financial position, ore quality etc but I take a different stance to you in noting the words " but will be processing alternate feedstock on a reduced scale".
Is that "alternate stock" WCU's ore?? What are WCU's overall costs compared to Dennison's?
Just because Dennison ore is not commercial, based on overall costs, it dosn't mean that WCU's costs are similar or that WCU will not be commercial.
I will keep all future WCU comments on WCU's thread.
GDN Price at posting:
7.8¢ Sentiment: None Disclosure: Held
