green, page-6

Evening Mick

My initial reaction was to totally agree with the thrust of your post. Upon reflection (albeit a quick period of reflection:), I want to put out one query to you and all other holders.

About a week ago, Cline told us about the Shanghai Nuclear Industry Congress (Good pick up Cline).

Many posts understandably evolved from Cline's initial offering and in one of the posts, Hangseng suggested that Gus wasn't over there for his health and that who knows, he might just bring home a surprise from China. Obviously this is only an educated guess and not set in stone, but a very logical assumption nonetheless.

My questions re. price contracts is this. If things do/did happen to go well in China, how would any potential deal be done for China taking our future product? Not being experienced in this, how would any deal be done pricewise this far out.

Would they potentially be getting first crack at any future product at whatever the market price at the time was, or do they get it for a reduced price because they put their hand up a fair way out from actually receiving any uranium?

Thought/hoped you and/or others may have a better understanding of this issue.

Regards
Reichman