Nowclear - you talk about the comparitive uranium price potentially being north of US$50-60/lb. What today's announcement spells out is that the PLEF product is UF6; the figures you quote are for U3O8 (yellow cake). To get to UF6 you need to go through conversion which costs about another US$10/lb (as UF6). So to compare apples with apples you need to add in the conversion cost to the price (since the PLEF will produce UF6 from the tails thus cutting out the need (and cost of) for conversion)
Ann: GLE and US DOE sign amendment to Sales Agreement, page-33
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