Ann: Company Presentation - Mines and Money Hong , page-5

re: Ann: Company Presentation - Mines and Mon... In a couple of PEN previous ann's:

For those who still think the spot price is irrelevant:

"Sales of U3O8 are predominantly contracted on a long term basis with prices determined by a pre-set formulae linked to the reported term and/or spot prices."

For those who think the current uranium price in the NPV calculation is spot and got really excited:

"Base U3O8 selling price of US$56/lb (current long-term contract price), escalated at the minimum industry standard escalation rate, and has been used from Year 1 in all NPV calculations, with a $6/lb step change at the end of Year 7."