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 […]
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