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CEO.CA members discuss high-risk penny stocks which can lose their entire value. Only risk what you can afford to lose.
@PamplonaTrader@barracuda Anglo Pacific $APY$APF.L also owns a royalty on the eastern portion of Rook I where Cannon, Bow and Harpoon are located. They also bought some uranium royalties from Laramide $LAM covering $URRE's uranium projects in NM. Probably the only other notable diversified royalty company outside of $ALS. #royalties
Lam some are saying is worth between two to five dollars
Key Highlights of the PEA (at US$65/lb U3O8 life of mine price)
Initial capital expenditures ("CAPEX") of US$268M plus US$49M contingency are estimated to construct the mine and a 2M tonne per annum (tpa) mill with a nameplate capacity of 4Mlb U3O8 per annum;
Total sustaining capital of US$58M over the Life of Mine ("LOM");
Cash operating cost to average US$21.00/lb U3O8 for the first five years of operation and US$23.20/lb U3O8 LOM;
Net Present Value ("NPV") at a 10% discount rate of US$598M pre-tax and US$400M post tax.
Internal Rate of Return ("IRR") of 45.4% pre-tax and 35.8% post tax with a capital payback estimated at 2.5 years post-tax.
Low 2.3:1 strip ratio for the first 5 years of operation and 4:1 LOM. Simple, open cut mining operation.
Mine scheduling allows best practice in-pit tailings storage to be employed without the requirement for a temporary tailings storage facility;
Opportunities have been identified to further reduce operating cost through reagent recycling. Further testwork is required to confirm this assumption before incorporating it into the process model.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=t.lam&postid=25829734#pH4mdCRY8MfZhVQf.99