Hi BlackEos1,I read that EXT has the advantage of cash costs of...

Hi BlackEos1,

I read that EXT has the advantage of cash costs of about $20-25 per pound but the feasibility study could actually see it drop to $15-20 per pound due to the following:
1. surface location of the uranium
2. mucher higher than nomral grades of 500ppm
3. less processing costs in making yellowcake.

Most of the other uranium producers are producing at $25-30 per pound.

Look at ERA - Rossing.
1. Costs of $35 per pound
2. Grades declining
3. mine design needs to be re-done
4. Production declining

Look at Paladin
1. Costs of $27 per pound
2. Grades average at about 200ppm and well below Rossing South
3. New mine design but mill is missing on its throughput targets and recoveries.
4. production to 4m pounds? maybe.
5. 15 years life of mine

Bannerman? Low grades and very high costs.
Forsys? Very low grades and very high costs
Deep Yellow? still a business plan, with Paladin as a shareholder.
Metals Australia? who knows if they even have a license for the property.

I meant to say the $12.34 target price is for the December 2010 and not 2011 in US dollars. I think this is why the Russians want to partner in EXT. They can buy EXT today for $12.34 knowing that it is worth much more over 30 years life of mine, with security of supply.

Overall, my list of 'interested parties' of EXT: Russian Government, China, Japan, Korea, Cameco, AREVA, UUU-ARMZ, ERA-Rio Tinto and if rumours are to be believed, Paladin.

Cait