\section{Conclusion}
In situ mining is a modern mining method which has reduced the ecological externalities associated with mineral recovery.  We provide preliminary evidence that the current regulatory framework surrounding in situ operations reduces economic welfare. 

We contribute to the literature by providing a micro economic model of in situ mining, which will eventually be used to perform a sensitively analysis, of different mines, both current and planned. Informed by this model We also estimate short and long run supply elasticities of uranium miners.

Current and future work is valuable for policy makes and economists, in developing a policy framework that balances the costs and benefits from this new form of extraction. 

