Ann: Quarterly Activities Report for Period Ending 31 March 2018, page-2

A net production loss of 22.15 - 29.82 for the next quarter  = - $7.67/lb
So on average, PDN make a production loss of 560,000 x 7.67 = $4.3mil USD per quarter
Not counting wages, fees and charges...

Does this make any economic sense to go on ?

How much longer the $50.5mil cash reserve is going to last..


Sales of 560,000lb U3O8 at an average selling price of US$22.15/lb

Timing of major contract deliveries means sales concentrated in the quarter to 30 June 2018 and expected to be in the range of 1.1Mlb to 1.2Mlb

Langer Heinrich Mine - U3O8 production 670,456lb, down 23% vs. prior quarter - Ore milled of 782,447t, down 9% vs. prior quarter - Average plant feed grade of 439ppm U3O8, down 17% vs. prior quarter - Overall recovery of 88.5%, up 2% vs. prior quarter -

C1 cash cost of production of US$29.82/lb, up 32% vs. prior quarter - Continued consideration of operating strategy in light of continued weak spot uranium market