VMY vimy resources limited

Ann: Mulga Rock Project DFS Confirms World-Class Uranium Project, page-4

  1. 9,397 Posts.
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    Well, we’ve been told often enough that the spot price ISN’T the long term contract price, even major producers are cutting, threatening to cut, production of U3O8 because they need a firmer market for their up-coming new contracts. I don’t think US$60 is ‘out there’ at all.
    If I had any criticism it would be the exchange rate of 70c, which is a hard one to predict, especially so far ahead.
    Anyway, a good report showing the way, may not set the sp alight but it shows the potential.
    B22.
 
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