España
España se ofrece al mundo como centro neurálgico para los cables submarinos
https://www.eleconomista.es/empresas-finanzas/noticias/11386129/09/21/Espana-se--al-mundo-como-centro-neuralgico-para-los-cables-submarinos.html
The PEA indicates the project has the potential for attractive economics based on an assumed U3O8 price of $64 per lb. as summarized below:
- Initial production of 2 million lbs per year and a 35 year mine life;
- Underground mining of 3,000 tonnes per day, to extract a portion of the indicated resource totaling 64.2 M lbs U3O8 with an average grade of 0.098% at a cutoff grade of 0.06%;
- Capital cost of $147 million prior to construction, including a 25% contingency;
- Cash cost of $30.72 per lb. U3O8 for the first ten years of production;
- Net Present Value of $427 million at a discount rate of 7%;
- IRR of 36.3% based on a uranium price of $64 per lb. U3O8;
- A change in the price of uranium of $5.00 per pound results in a potential change in the project NPV of $110.0 million.
In terms of project risks, the updated PEA noted the following:
"The technical risks related to the project are low as the mining and recovery methods are proven. The mining methods recommended have been employed successfully at similar projects in the past. The mineral processing methods employed are typical of those used in the industry for decades and are supported by metallurgical tests done to date and are available.
Primary risks related to permitting are rescinding the moratorium to allow mining in Virginia and gaining the confidence of the local community that the mining and milling can be safely conducted to protect human health and the environment. The remainder of the permitting issues is tied to obtaining the necessary permits to operate the mine and mill.
The authors are not aware of any other specific risks or uncertainties that might significantly affect the mineral resource estimates or the consequent economic analysis.
Estimation of costs and uranium price for the purposes of the economic analysis over the life of mine is by its nature forward-looking and subject to various risks and uncertainties. No forward-looking statement can be guaranteed and actual future results may vary materially."
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