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Share
16/12/09
14:15
Share
Uranium Only Ore Buying Schedule
http://www.denisonmines.com/SiteResources/data/MediaArchive/pdfs/whitemesamill/ore%20purchase%20schedule%20november%202009%20uranium%20only.pdf
This is difficult to understand but see WCU grades at http://www.whitecanyonuranium.com.au/projects/daneroslarkroyal/
If WCU can average grades of 0.3%, it seems they will receive $112 per tonne of earth
WCU forecast 500,000 lbs pa (eventually). At 0.3% = 75,000 tonnes of earth.
There revenue will be 75,000 x $112 = us$8m
190m shares plus 90m 25 cent oppies
Without accounting for costs, EPS on 270m = 3 cents
If WCU can average grades of 0.5%, they will receive estimated $250 per tonne of earth.
WCU forecast 500,000 lbs pa (eventually). At 0.5% = 45,000 tonnes of earth.
There revenue will be 45,000 x $250= us$11m
Without costs, EPS on 270m = 4 cents
IMO, this is why the share price is struggling, in spite of all of the hyper ramping on HC and T$...
without any clear financial signals from WCU, imo, it will continue to struggle
this stock is too opaque and the management, especially PB, is dodgy dodgy
PB is a dill
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