all uranium mine started producing 1000 tpa of U3O8.The market price of uranium was US$30 and it cost the mine US$22/lb to produce uranium. If the exchange rate was US$1=R15 and given that lb=0.44536kg,how much profit in Rands did the mine
all uranium mine started producing 1000 tpa of U3O8.The market price of uranium was US$30 and it cost the mine US$22/lb to produce uranium. If the exchange rate was US$1=R15 and given that lb=0.44536kg,how much profit in Rands did the mine
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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In 2017 a small uranium mine started producing 1000 tpa of U3O8.The market price of uranium was US$30 and it cost the mine US$22/lb to produce uranium. If the exchange rate was US$1=R15 and given that lb=0.44536kg,how much profit in Rands did the mine make that year?
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