..(Bearing in mind that BLR are looking to conventional mining in the first 5 years Not use ISL) \Based on report below it may cost them as much as $60/lb U308...that may not bode well on the scoping study front....Happy to hear others thoughts as this may be why the market is not convinced read below
*** ISR Advantages**** Low Capital Cost ¨C estimated $ 33.2 per lb of production vs $64 per lb of production for hard rock mining ( Source RBC Capital equity research October 22 2007) Lower operating costs compared to conventional projects ( average $15 per lb U3O8 vs $17.5 per lb U3O8 RBC Capital comparison of 5 ISR and 4 conventional mining projects)
