Boss Energy unveils enhanced feasibility study for Honeymoon with boosted revenue and reduced costs

Boss Energy unveils enhanced feasibility study for Honeymoon with boosted revenue and reduced costs

Boss Energy managing director Duncan Craib says the enhanced study shows Honeymoon to be an “extremely robust project”. Boss Energy (ASX: BOE) has unveiled its much anticipated enhanced feasibility study for the proposed Honeymoon uranium mine in South Australia, with the study identifying lower costs and a higher pre-tax net present value of US$309 million (A$411.93 million).

The US$309 million NPV is 35% more than estimated in last year’s feasibility study.

In the enhanced study, the forecast pre-tax IRR is 47%, while the earnings before interest tax depreciation and amortisation margin is estimated at 62%.

Post-tax free cash flow is up from US$332 million to U$425 million, with gross life of mine revenue of almost US$1.28 billion calculated.Underpinning this is a 22.5% increase to nameplate production capacity to 2.45 million pounds of uranium.Total payback has decreased from four to 3.5 years.“The study shows conclusively that the changes we plan to make to […]

About the author: StockMan
Tell us something about yourself.
Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet