The interesting thing, and it hasn’t really come up much recently, is at what price would VMY sign a long term contract?
What is the ‘all-in’ cost of production, and what buffer plus margin for profit does VMY and, more importantly, financiers require. Another thing to consider is that if there is going to be a violent move north in the pricing of U3O8, you might not want to jump at the first offer that gets you a sustainable business model - balancing that against the fact that the clock is ticking re. the expiry of VMY’s permits. It’s not going to be easy decision making if/when the time comes, but it’s vital that the right decisions are made.
B22.
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