Uranium

A.C. = w₀L_hS_f Labour ✦1,324 Shadow wage w₀ ✦16 an hour × L_h 30 hours per tonne × skill factor S_f 2.76 S_f for energy: training ✦60,000 against ✦45,000, queue 30 hours against 48 + Σ q_iP_irλ_i Materials ✦0 A raw material, with no recipe inputs. + (D + M_o)α_e Capital ✦87,000 Depreciation and maintenance ✦60,000 per tonne × financing 1.45 × waste factor α_e 1.00 Financing is interest at 6% on equipment's average value over a 15-year life. α_e is 1.00 when maintenance hours and defects are on target. + Ep_e Energy ✦2,500 E 50,000 kWh per tonne × p_e ✦0.05 per kWh = ✦90,820

A.V. = rP*_world Accounted value ✦151,500 per tonne World price $100,000 per tonne plus freight and insurance 1.02% = P* $101,000 × r 1.5 crowns per US dollar Import parity: the price at the Commonwealth border for a good it could otherwise import. Observed abroad, not calculated: a wasteful producer raises only its own cost. = ✦151,500

Revenue = A.V. × Q Accounted revenue ✦8.52 m p.a. Domestic: 56.2 t × ✦151,500 = ✦8.51 m = ✦8.52 m

Surplus = (A.V. − A.C.) × Q − levies Accounted surplus ✦3.41 m p.a. Revenue ✦8.52 m − cost ✦90,820 × 56.2 t = ✦3.41 m Distributed 40% to reinvestment, 20% to the municipal aggregate and 40% swept to the Treasury. = ✦3.41 m