NAC experts presented detailed cash flows for 23 uranium mining projects in Africa based on two assumed average annual selling price scenarios. They determined a net present value for each project based on these two revenue scenarios and estimated life-of-project operating and capital expenditures. An internal rate of return was calculated for each project based on these two revenue scenarios. NAC experts identified each project’s potential risk factors, which vary by project depending on technical parameters, location, stage of development, and other variables.