The problem is while they may say that mine decisions are made over a long time frame, at the moment, why not just enter into contracts for 2-300mlbs of uranium @ long term contract prices ($60/lb)? This way you eliminate the risk of establishing and running a mine at uneconomic prices, and dont have to pony up the CAPEX to do so.
Reality is if the DFS break even point is above the LT price, the mine is not viable at this point in time. It may be in the future but not right now.
Once the DFS is done they should really go into hibernation or go exploring elsewhere in the hopes that theyre able to ride out the storm till a white knight comes along with $6-700m to spend.
The LT graphs wont show you anything meaningful unless you factor in expectations and predictions around the number of opperating plants and the implications of russian HEU being pulled from the market.
good news, page-15
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