01:19 PM EST - Western Prospector Group Ltd. : says an economic estimate suggests it will cost nearly US$229 million to develop the Vancouver company's 100 per cent owned Gurvanbulag uranium deposit in Mongolia to production. The preliminary economic assessment says it will cost US$228.7 million in pre-production capital costs to develop an underground mine and surface processing mill. The mill would have an average capacity of 1,500 tonnes per day and would produce about two million pounds of uranium a year. Western Prospector Group Ltd.
shares T.WNP are trading up 15 cents at $2.10.
