PEN 1.37% $1.08 peninsula energy limited

Many mines are making oodles. FYI: 29/01/18 "According to the...

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    Many mines are making oodles.

    FYI:

    29/01/18

    "According to the new report - filed on 25 January but with an effective date of 1 January - Inkai's 2017 production was 5.5 million pounds U3O8 (2116 tU), of which Cameco's share is 3.2 million pounds. Production this year is forecast to be 6.9 million pounds U3O8, of which Cameco's share will be 3.4 million pounds.

    JV Inkai is licensed to produce up to 10.4 million pounds U3O8 per year, and plans outlined in the report see production continuing to ramp up in 2019 until the licensed capacity is reached in 2020. Over the lifetime of current mineral reserves, total production from the in-situ leach (ISL) operation is estimated at 229.2 million pounds U3O8 with a projected mine-life to 2045. Cash operating costs are estimated to be CAD 9.95 ($7.74) per pound U3O8, with capital costs estimated to be CAD 1.064 per pound.

    Kazakhstan has been the world's leading uranium producer since 2009, with its 2016 production of 24,560 tU accounting for 39% of world production." ...

    http://www.world-nuclear-news.org/UF-Inkai-forecast-production-continues-to-rise-2901187.html
 
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