U3O8 Corp. Releases Milestone Layout for 2015

U3O8 Corp. (TSX:UWE) has released a series of milestones the company hopes to achieve throughout 2015. The closest one being the exploration results from the Laguna Salada district expected in the first quarter of 2015. The company hopes to double the deposit size and production rate at Laguna Salada which would increase the net present value.

According to the press release:

The preliminary economic assessment (“PEA”) completed on the Laguna Salada Project in Argentina shows that the deposit would be one of the world’s lowest cost uranium producers and that the project’s economics would be further enhanced on a larger resource. The PEA yielded a net present value (“NPV”) of US$55 million (at a 7.5% discount rate and US$60 per pound uranium price), although U3O8 Corp’s market capitalization is currently around $8 million. Doubling the deposit size and production rate would increase the NPV to an estimated US$184 million. To this end, exploration has been undertaken in the larger Laguna Salada district, results of which are expected to be reported in Q1 2015.

Click here to read the U3O8 Corp. (TSX:UWE) press release