Ann: Four Mile - Termination Of Sales And Marketing Agency, page-256

hi dott.

a reason why you want to start selling now is to start forming deals well into the future. there are a couple of small guys selling uranium on favourable contracts atm close to US$60 per lb. a concern that most of the smaller miners have though (less than 1 million lbs per annum) is that they will not be able to negotiate favourable contracts because as it is atm they look like they would struggle to ever produce 1 million lbs per annum. they all talk about how they are planning for the turn in the uranium market but first they need to survive the down turn which is only now starting to show signs of life.

the four mile operation would look good to anyone wanting to secure a supply but you don't want to leave it too long.

spot price US43.50 at 0.87 exchange rate makes AU$50.00 time to raise the bat and give a tip of the hat.