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boss resources - Valuation Update: Resource upgrade

5 Videos - Jan 2016


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Summary - Valuation Update: Resource upgrade

  • Boss Resources (ASX:BOE)  announced a resource upgrade at their Honeymoon Uranium Project of 27.6 Mlbs U3O8 at a grade of 820ppm.
  • The increase comes less than two months since Boss acquired the Honeymoon Project, which is one of only four uranium projects in Australia to be fully permitted for uranium mining.
  • We increased our valuation from $0.14 to $0.17 per share.

Operations - Honeymoon Uranium Project

  • The Honeymoon Uranium Project is located in South Australia.
  • The Project was put into care & maintenance during 2013 due to the fall in the uranium price post the Fukashima disaster.
  • Approximately $170m was spent on infrastructure at the Project which remains in excellent condition.
  • The SX facility has a current production capacity is 880,000 lbs pa.

Operations - Honeymoon vs Kazakhstan

  • Kazakhstan is the largest producer of uranium globally producing 50Mlbs / annum.
  • The majority of uranium production in Kazakhstan is from ISL mining.
  • We interview Dr Marat Abzalov to compare and contrast the differences between Honeymoon and Kazakhstan ISL assets.
  • Dr Abzalov has extensive experience in the ISL industry and was previously Head of Exploration for Rio Tinto Eurasia, with a focus predominantly on ISL opportunities.

Exploration and Development - Resource potential – Honeymoon

Interview with Dr Marat Abzalov to discuss the resource potential at Honeymoon.  Topics discussed include:

  • Upside potential from historical drilling;
  • Untested zones despite limited historical drilling; and
  • 80km of strike length along the paleochannel.

Technology, Product & Market - Uranium – Demand, Supply & Pricing

Detailed review of the fundamentals for uranium.  Includes analysis on the:

  • Supply – Current & future;
  • Demand  - Current & future;
  • Unique pricing characteristics – spot vs. long term contracts.

All Videos for boss resources - Valuation Update: Resource upgrade

Summary

Valuation Update: Resource upgrade

  • Boss Resources (ASX:BOE)  announced a resource upgrade at their Honeymoon Uranium Project of 27.6 Mlbs U3O8 at a grade of 820ppm.
  • The increase comes less than two months since Boss acquired the Honeymoon Project, which is one of only four uranium projects in Australia to be fully permitted for uranium mining.
  • We increased our valuation from $0.14 to $0.17 per share.

Operations

Honeymoon Uranium Project

  • The Honeymoon Uranium Project is located in South Australia.
  • The Project was put into care & maintenance during 2013 due to the fall in the uranium price post the Fukashima disaster.
  • Approximately $170m was spent on infrastructure at the Project which remains in excellent condition.
  • The SX facility has a current production capacity is 880,000 lbs pa.

Honeymoon vs Kazakhstan

  • Kazakhstan is the largest producer of uranium globally producing 50Mlbs / annum.
  • The majority of uranium production in Kazakhstan is from ISL mining.
  • We interview Dr Marat Abzalov to compare and contrast the differences between Honeymoon and Kazakhstan ISL assets.
  • Dr Abzalov has extensive experience in the ISL industry and was previously Head of Exploration for Rio Tinto Eurasia, with a focus predominantly on ISL opportunities.

Exploration and Development

Resource potential – Honeymoon

Interview with Dr Marat Abzalov to discuss the resource potential at Honeymoon.  Topics discussed include:

  • Upside potential from historical drilling;
  • Untested zones despite limited historical drilling; and
  • 80km of strike length along the paleochannel.

Technology, Product & Market

Uranium – Demand, Supply & Pricing

Detailed review of the fundamentals for uranium.  Includes analysis on the:

  • Supply – Current & future;
  • Demand  - Current & future;
  • Unique pricing characteristics – spot vs. long term contracts.
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