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13/12/15
17:28
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Originally posted by slick239
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In January 2009, Energy Fuels started placing the SMC mines on standby "as a result of declining uranium prices". (Energy Fuels Inc. 2013 Annual Information Form dated March 26, 2014) At the time, the spot price was about $48 and the term price was about $70. With current prices at $36 and $44, respectively, how can WUC turn a profit after all-in sustaining costs? With ablation? The technology is unproven on a commercial scale, and its federal and Colorado regulatory status is unresolved. You have to hand it to Mr. Glasier -- inking a deal with a major utility given the uncertainties surrounding ablation is a ballsy move.
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Gday Slick,
i forgot to ask what you think the all in sustaining costs are for the Sunday Complex. What do you think they are? Including ablation mining.
Cait