I have read it. Which part do you suggest I should re-read? The...

I have read it. Which part do you suggest I should re-read?

The Haggan cost estimates? Yeah talk is cheap and I haven't once said the it's impossible to develop but that there will be higher than usual CAPEX and OPEX due to the U content. How will these stack up to other globally competitive projects? Well, that's the big question. With large holders exiting and significant delays to the IPO schedule, I'd suggest not very well.

I think they'll move heaven and earth to get Tiris developed to take the attention away from Haggan. Tiris itself would justify the current MC but it's very concerning that the NPV, IRR and FCF metrics are run using US$60/lb prices. On today's spot prices, the FCF is peanuts and the NPV is very low. On today's contract pricing, they're even worse.