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
A net production loss of 22.15 - 29.82 for the next quarter = -...
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