About CUY, Peter Strachan says: Oban Project might result in a recoverable reserve estimate of 2,130 tonnes of uranium oxide. Once proven, pilot project could easily scale up to full scale production of around 200 tpa of uranium oxide. Total production costs of less than A$26/lb of recovered oxide.
$9M cash and only 66M shares on issue.
CAPEX? Who knows? Say $50M.
At US$90lb uranium price, on 100M shares, EPS on 150tpa = 16 cents EPS.
At US$90lb uranium price, on 100M shares, EPS on 200tpa = 21 cents EPS.
At US$130lb uranium price, on 100M shares, EPS on 150tpa = 25 cents EPS.
At US$130lb uranium price, on 100M shares, EPS on 200tpa = 33 cents EPS.
CUY Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
