Strathmore Minerals Corp. (TSX:STM,OTCQX:STHJF) announced a preliminary economic assessment for the uranium resources outlined to date at the Roca Honda Project in New Mexico.
As quoted in the press release:
Base case estimated pre-tax Net Present Value (NPV) (8% discount), of US $220 million and pre-tax internal rate (IRR) of return of 19.2%, using US $75/lb uranium based on independent third party 2015 price forecasts. Using a uranium price of US $65/lb, the estimated pre-tax NPV (8% discount) is US $112 million and the IRR is 14%. The current long-term uranium contract price is US $60/lb.