What do you expect them to do? They can't convince strategic investors/banks/utility companies to help them develop a mine while the Uranium spot price is under $US 40/lb.
When the market rebalances (or demand picks up) there will be a big rush on getting new supply into the market. And imo, given the amount of cash Toro have they'll be well positioned to take advantage of rising Uranium prices.
Ann: Presentation to the Australian Uranium Conference, page-8
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