While all of the uranium bears were signalling the death knell for the market as spot prices hit an 11-year low earlier this month, Berkeley shareholders were looking at the Salamanca definitive feasibility study with awe asking not if it can make money, but how much?
Since the study was announced, the company’s London-listed share price has risen 26%, while the majority of its uranium peers have plummeted in value. Scheduled to produce 4.4 million pounds per annum of U3O8 for an initial 10 years at an all-in cash cost of US$15.06 per pound, the DFS has shown that if Salamanca went into
production today it would more than wash its face.
