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TeachMeFinance.com - explain Forward costs (uranium) Forward costs (uranium) The operating and capital costs that will be incurred in any future production of uranium from in-place reserves. Included are costs for labor, materials, power and fuel, royalties, payroll taxes, insurance, and general and administrative costs that are dependent upon the quantity of production and, thus, applicable as variable costs of production. Excluded from forward costs are prior expenditures, if any, incurred for property acquisition, exploration, mine development, and mill construction, as well as income taxes, profit, and the cost of money. Note - By use of forward costing, estimates of reserves for ore deposits in differing geological settings can be aggregated and reported as the maximum amount that can theoretically be extracted to recover the specified costs of uranium oxide production under the listed forward cost categories. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.