Ann: DFS Review Strengthens Tumas Projects Flagship Status, page-34

Thanks, I can agree with that. My failing is thinking too critically about which projects will make it and which won't, whereas generally the average uranium investor has been rewarded by just buying the dip and selling the rip. It is definitely possible to overthink it and your sentence sums this risk up nicely: "the big money i missed was due to doubting the hype"

Thank you, glad I can help. I share my views to be challenged on them and learn as well. In short, I think if DYL had a binding offtake for product at a set floor price, then a banker would feel far more comfortable. But it has to be binding: expressions of interest / non-binding MOU's etc are all just marketing fluff, as many in the junior lithium sector have learned. The problem is that the uranium winter of the past decade has meant nothing has been built, so it's all guesswork as to what is realistic, and what is hopium. I don't think it's a coincidence that the lower-capex restart projects (BOE, PDN, LOT) have done so well.