27c recommendation, page-124

Hi all, I have just become a shareholder of VMY as I love the prospect of the company.

This might be a stupid question - why did we use a contract price assumption of USD55/lb, which is higher than the current spot price which is about $30?

I'm a little bit confused in connecting the numbers in the NPV calculation vs the price sensitivity chart as well (bottom right corner of the slide). Based on the NPV of $393m, seems like the U3O8 price should be above $47.5 (i.e. not $55). Can someone please enlighten me?

Thanks.