It should do, and with a resolution on the Russian Suspension Agreement imminent, the US utilities VMY engages with will be under more pressure to secure some U from friendly jurisdictions.
The most surprising outcome of that DFS update is that numbers have improved while dropping realised prices from US$60 to 55/lb, with that project now at the upper end of Kazak operations.
That alone should lead to a serious rerating of the stock, with various funds likely to start accumulating again.
Ann: DFS Refresh Significantly Improves Mulga Rock Economics, page-6
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