what should be making everybody happy is the tanking aussie dollar and the rising uranium spot price.
even though the uranium will ultimately (most likely) be sold on a term contract the spot market is a reflection of what is happening on the medium and long term market.
and what i think is being missed by most punters is the difference in the range swings between the spot market and the long term market over the last 10 years or so.
the spot market has fallen from a high of around $140 down to the now $40.
the long term has only fallen from a high of around $95 down to the now $50.
so really the market is not as bad as the popular media makes it out to be because most of the stuff is sold way higher than the current spot.
there was only a short time in 2007 when the spot market went ballistic.
get your act together quasar and do a deal and put this stalling nonsense to bed will ya. lmao
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