PEN 2.38% 10.3¢ peninsula energy limited

This is the part of the report I'm refering to:At 31 December...

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    This is the part of the report I'm refering to:

    At 31 December 2020, the Company holds a portfolio of uranium concentrate sale agreements with major utilities for up to5.45 million pounds U3O8, with 4.1 million pounds of U3O8 committed and up to 1.35 million pounds of U3O8 optional at theelection of customers. Of the U3O8 committed sales, 1.1 million pounds can be satisfied with open origin uranium in the next3 years, with the balance to be supplied from Lance Project origin uranium.Delivery obligations under the contracts continue through to 2030 with a weighted average future sales price at the upper endof the guided US$51-$53 per pound range.The Company continues to engage with its existing and potential new customer base on new long-term uranium concentratesale agreements, targeting pricing mechanisms that would support increased production scenarios under the plannedtransition to low pH ISR mining at Lance.Peninsula enters into binding purchase agreements intermittently to procure pounds of U3O8 to satisfy its open origin salesdelivery obligations. As of 31 December 2020, the Company holds a 400,000-pound U3O8 uranium concentrate purchasecommitment.
 
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