Next run - timing?, page-30

I am not sure of the NPV and IRR at various U price levels for this project but I expect Toro to be about average cost - low cost in some ways and high cost in others.

The nature of the shallow resource makes it low cost to mine, and the benefaction process looks good now in this latest announcement, the remoteness of Wiluna itself adds cost, the quality of the road infrastructure and distance to port to road transport product and distance to mine to haul fuel and consumables for operation will probably be high cost relative to other mines I suspect.

I need to go back and look at Toro's old announcements to refresh my memory as I have been waiting so long for the Uranium rebound that I cant remember very much as I have not bothered to look at it!

I have a feeling that it is worth digging out and having a read of old announcements in the next few months.... I like the way U price steadily inches up lately, feels different to previous false dawns and the big producers are making an effort to control supply....