Global Atomic (TSE:GLO) - Two can make a wish come true, yeah

Matthew Gordon,
Ptolemy Capital

25:34

Interview with Stephen Roman, Chairman, President & CEO of Global Atomic Corp. (TSE:GLO) Roman calls us to update about the announcement of their PEA results. They plan to mine a higher grade flank zone in Phase 1 at their Dasa project in Niger, which is what this PEA relates to. The results are impressive for many reasons. Firstly the economics an AISC of just $18.39. That is world-class. And a cash cost of just $16.72. Also world-class. The number which caught our eye though was the steady-state production of 4.4Mlbs. Global Atomic become a meaningful second tier player at that level. At $35 per pound the NPV8 is $211M with an IRR or 26.6%. However if the price of uranium goes to $50 (where most producers and developers expect and need it to go), the NPV8 leaps to $485M with a 46.3% IRR.

#Global Atomic Corporation #Uranium #Zinc #TSX #Stephen Roman

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