Green Shift Commodities Ltd. (GRCMF)

[Tommy]

$UWEFF $UWE.V - U3O8 Corp. files PEA showing that its Berlin Project in Colombia could be a zero cash cost uranium producer

http://finance.yahoo.com/news/u3o8-corp-files-pea-showing-114500836.html

... "PEA Highlights of the Non-Acetic Option (Pre-Tax Base Case at US$60/lb U3O8)

Revenue of ~$406 per tonne ("t") of mineralized material against an operating cost of ~$201/t;

Uranium cash cost of $0 per pound ("lb"), net of by-product credits;
Net present value ("NPV") at a 10% discount is $223 million;
Internal rate of return ("IRR") of 19% compared with a 17% IRR with the acetic option;

Capital costs of $441 million including sustaining capital of $40 million and a $41 million contingency;

Cumulative cash flow of $982 million over a 15-year mine life; and

Average 1.2 million pounds ("Mlb") of uranium produced annually over the mine life from a 500,000t per year underground operation." ...