FFS they have a lot of U in the ground they can contract. Haven't you seen what Magadan has to say.
If U reaches $150/lb* and they can contract at anywhere near that every half baked U hopeful on earth will be proving up resources. All IMVHO. That's what leads to the the overshoot.
PEN got rid of it's leases in South Africa (in The Karoo) because they were a stretch.
*There'll be some posters on here wanting to buy girls in short skirts cocaine to be snorted with $50 notes. All IMVHO.
SPOT PRICE, page-148
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