Cost are one side only. The uncontracted and stocks of barreled yellow cake are at current prices ok or nice.
What happens with prices sooner than later will be the key to this investment in the 'Short' term. I agree the market is looking at costs.
Holding and accumulation for me as the flip side is the current 3 or so small teaser RFPs in the market currently testing the pricing for still just a small % of the fuel required or for reserves this year.
Below replacement rate contracting has come to an end in 2025 is my assumption.
The breathing space the cash we have allows hard ball price negotiation. Excluding the really wacky AK47 ruled places or poorly managed types like PEN, Long Term secure contracts with the few who have uncontracted barrels will be a very happy place in my thoughts.
BOE Price at posting:
$2.13 Sentiment: Buy Disclosure: Held
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