Ann: Tiris Uranium Project Exploitation License Granted, page-13

I think the upside with Tiris alone is tremendous. Given the low CAPEX (~$45m) for a plant to do ~1m lbs per year and an AISC of I think ~$19 to $24 / lb we are well placed. At $50 / lb for U we'll be nice and profitable and it could go hirer.

The Capex is small enough that it won't scare financiers away. Remains to be seen what they think of the risk side butbut over from an economic perspective things are stacking up.

Happy to be up today but a long way to go. Perhaps we'll be at 6/7c in Feb/Mar with the DFS and possible offtakes. Might even be producing this time in 2020 (if not earlier). Lots of if, buts and maybes but then this is the SPEC end of town.