(Image via Azarga Uranium) The COVID-19 pandemic has put a lot of markets to the test, but one commodity that has performed quite well since the beginning of last year is uranium – growing more than $7 (USD) or 32% in value to $32.70 (USD) / lb.
According to analysts, this trend is expected to continue upward. A top player in this space – Azarga Uranium ( TSX: AZZ , OTCQB: AZZUF , Forum ) released positive results of an independent Preliminary Economic Assessment (PEA) in late June 2021 on its Gas Hills In-situ recovery (ISR) Uranium Project in Wyoming, following an increased mineral resource estimate announced by the Company in March.
The base case economic assessment results in a pre-income tax internal rate of return (IRR) of 116% and a pre-income tax net present value (NPV) of $120.9 million (USD) when applying an 8% discount rate. Using the same […]
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