Roman gives us an update on the Dasa uranium mine plan and talks about cash flowing from the new zinc processing plant in Turkey which will enable the development of the uranium component. In 2018 the Turkish operation was EBITDA $13M ($10M profit), this doubles under the new set up to $20M.
The exciting element for investors though is the development of Dasa and the economics around a new mine plan. The Flank Zone (not Western flank as Matthew says at one point) is higher grade at near surface which may allow the company to get in to production economically at low spot prices. Roman talks about Global Atomic needing to advance and expand their PEA that mentions an alternative mining scenario that is in a persistently low uranium environment. The company looks like it is shelving the large project idea and focusing on a high margin project at realistic prices and getting in to production quicker. That model and that kind of thinking is the difference between Global Atomic and some of their peers. It is of course enable by the cash flowing from the Turkish zinc project. Roman suggests that 2020 could be the year that dramatically changes the company profile.
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