A massive amount of that would be at extremely low cut off levels. Plus the range itself is reported as 58-194 million.
He was interviewed recently and said if they could prove up resources at 2 of their satellite deposits then they could perhaps look to extend production and exporting permit to 5 million per annum. I’d suggest that’s years off happening. As in more than 5 years.
Their best bet will be to hot nameplate of 2.45 million in 2026. Get their 30% from Encore ~ 500k pounds.
If that goes smoothly, perhaps acquire more grounds or projects etc.
For me, I think uranium price is still years away from reaching what will be its eventual spike. I’ll hold until that looks like changing. Currently I’m seeing new all time highs at some stage in next 2 years.
A massive amount of that would be at extremely low cut off...
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