Hi Ausheds,Page 9 of the scoping study states that it is...

Hi Ausheds,

Page 9 of the scoping study states that it is estimated that CUX will produce 20tpa.

I think the price of yellow cake is about $40/lb so that would equate to about, gross:

20 x 1000 x 2.2 x 40 = $1,750,000

This revenue isn't included in the revenue estimates in the SS (see p14). Neither are the revenues for the zircon or ilmenite.

Seems like typical CUX management conservatism to ignore an estimate of $35 million of yellow cake sales, at current market price over a 20 year mine life.

Cheers,

Stoops