G'day whitto, sorry for my shark soapbox yesterday, a matter I am concerned with.
Your question....Yes I have and Rio are now expending funds (that they almost didn't just 12 monyhs ago) expanding the mine to extend mine life. Rio were going to suspend rossing only just a short time ago as they have low grade ore and were running out fast. The board eventually decided due to the rapidly increasing U3O8 price to fund the mine expansion. EXT leases are a higher grade (and .4 Kg/t is a conservative estimate as I am conviced jorc will show)
In the meantime they need ore. EXT is a logical (close) source for the interim as it gives rossing ore to capitilise on the high U price (and maintain market share, a key point) an EXT additional (yes additional) funds to go to a producing miner in it's own right.
No negatives here just all positive, and the market has recognised it.
Extract Resources will be a producer sooner than we all think IMO as I have eluded to previously.
rossing mine, page-3
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