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Salamanca will have' incredibly good' margins says Berkeley's Schumann

Things are falling into place for Berkeley Energia’s (LON:BKY) Salamanca uranium project in Spain with the latest news the appointment of heavyweight engineering firm Amec Foster Wheeler to design the mine.

It follows quickly on from last week’s offtake agreement that will guarantee a price of US$41 per pound of uranium produced.

As operating costs are estimated at US$15 per lb, it should mean an ‘incredibly good margin’ says Hugo Schumann, corporate manager.

Next steps will be finalising the US$100mmln funding to build the mine alongside more offtake and marketing deals where the publication of the definitive feasibility study has generated a stack of interest, he says.   

 
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