Hi Wanelad1
When credit is hard to obtain then companies do not spend the money on risky or high cost production. In this case (GFC) resources go down in value and the return on investment is diminished for high cost extraction or production costs.
Normally the cost of ISR is less than conventional U308 extraction and processing. So in this situation the low cost of ISR for PEN ( I keep forgetting USD$27/pound total I think) is way less then the spot or contract price of U308. So PEN has plenty of room till processing costs exceed market return (when they produce).
Hope that helps. dyor.
An aside:
All questions are good no matter if they are wrong. Tangents are the recipe for discovery. Keep the banter and discovery up. Smiling at questions and replies is good for the body and ..
Trees
pen & the gfc, page-21
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