ENERGY MINERALS

Billion-dollar Boss on track with Honeymoon

AUSTRALIA’S next uranium producer, Boss Energy, says it is on track for first production later this year.

Honeymoon in South Australia

Honeymoon in South Australia

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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