ENERGY MINERALS

Billion-dollar Boss on track with Honeymoon

First production due later this year

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The billion dollar company said committed expenditure at Honeymoon in South Australia totaled 77% of projected spend, with capex previously put at around A$110 million.

At the end of March, Boss had A$103 million cash.

The uranium price of US$56 per pound means a stockpile Boss owns is worth about $70 million.

Boss aims to produce an average of about two million pounds per annum for 11 years at an "all in cost" of about US$32/lb.

Boss said discussions with potential offtake customers were continuing.

Investors have been increasingly backing the story, with the stock up 70-80% over the past 12 months.

Shares in Boss were trading at A$3.09 this week, capitalising the company at nearly $1.1 billion. 

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