A bit more info on what the mill is contracted to produce in coming years.
U.S. U3O8 Marketing & Sales (from recent presentation on Denison website)
Contract #1: • 17% of White Mesa output • Total : 6.5 million lbs • 2008: minimum 250,000 lbs (delivered) • 2009: minimum 500,000 lbs • 2010: minimum 750,000 lbs • 2011: minimum 1,000,000 lbs • Sale price: 95% of long-term with floor price of $45/lb MEETING THE CHALLENGE • Contract #2: • 20% of White Mesa production from 2012 – 2017 (inclusive) • Not less than 200,000 pounds per year • Pricing: 95% of long-term price at time of delivery • Escalated floor price of $50 per pound
WCU Price at posting:
39.0¢ Sentiment: Hold Disclosure: Held
