Ann: Reconnaissance Drilling at EPL3345, page-7

- yes grade always in equation which is complex- and a doubling in U price should propel these microcaps on the cusp of production (relatively speaking) should be at multiples of where they are now.
-ease of extraction from the ground
-% of U in the leachate
-recycling of additives ( and BMN has some great results here)
etc etc
even minor things can make a difference with big volumes e.g. by the look of the maps showing the new drilling area it appears that the new areas are on a plateau above the processing plant hence if ore found,less expensive haulage- just guessing here but piccies of the plant look as if it is in a valley.

Updated DFS will be interesting.

Another thought is about restarts e.g cameco and pdn plants- most will take 2 years plus and a lot of $ (e.g. PAN getting its nickel operations out of care and maintenance)
-they may be using old technology cf.BOE with Honeymoon using ISL

BMN have been using the time well to refine and optimize their future production methods, whereas in the heat of a raging bull market there will be pressure just to pull the stuff out of the ground and process.

The new generation of U producers should be more efficient and profitable per Ilb than the closed plants and should weather any cyclicity, although with structual changes in the market we may never see price below $35 / Ilb again.