placement completed....company has operating cost of $1.60 /lb...

placement completed....company has operating cost of $1.60 /lb and an operating margin of $1.50 approx ...and 100% OFFtake agreement with Glencore for the life of mine (6 years) with potential to increase....plus the DYL JV for uranium....and ramping up to production to 9000 t per annum by mid 2008...all good so sit back and watch the move back up....cheers JAM

p.s Current price per ton is $7200 x 9000 for full year production..= $64,000,000 USD
Should give us around $25-30,000,000 operating profit margin....nice