RE: Looking good17 Aug 2020 16:56
I'm never brave......
Copied from ADFN fyi
old but worth a read hxxps://www.sharesmagazine.co.uk/article/berkeleys-nuclear-re-rating The ‘prize’ asset within Salamanca is Zona 7, a shallow high-grade deposit that has grown in size following exploration over the past year or so and ‘transformed’ the overall project economics, according to Atherley. The company says the deposit increases Salamanca’s mine life from 11 to 18 years and reduces the operating costs from $24.60 per pound to $15.60 per pound. That is more than half the current uranium price ($34.5 per pound on a spot basis). ‘If we can optimise Zona 7, we could get to be one of the lowest cost producers in the world, and the biggest uranium project in Europe.’ uranium185557778 Hurdles to clear Zona 7 is much higher grade than Retortillo but Berkeley is not yet in a position to start production with the superior section of Salamanca. Atherley says that each section of the mine will need its own permits, in accordance with the Spanish mining system. That means more paperwork before Zona 7 can get the green light