One thing to bear in mind in the context of Husab potentially just supply ore to Rossing for processing rather than building its own plant and thus cutting projected capex.
Rossing's acid tank leach processing plant is over 30 years old. Component parts have been partially modernised but there has been no plant-wide upgrade.
Current capacity is max 5,000 tonnes/yr U3O8- Rossing is currently producing around 3,500-4,000 tonnes per annum.
Husab would according to the DFS produce 15Mlb or 8,300 tonnes per year.
The capacity to process Husab huge ore volume is simply not there without a substantial expansion/upgrade of the existing Rossing plant. There is no such capex factored in to Rossing's current financial plan.
So even if this was a flier it depends on Rio being willing to put in hard cash on a major Rossing plant upgrade.
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