Hey Manhattanites!Check this chart of the U308 spot price*:The...

Hey Manhattanites!
Check this chart of the U308 spot price*:

The spot price for uranium, vital for fueling nuclear reactors, climbed to just over $103/pound on Monday, a level not seen since 2007, according to a chart from Numerco, a U.K.-based spot price for uranium. That follows a roughly 90% price gain for the metal in 2023 in a market that has struggled to keep up with fresh demand.$US103/pound converts to $A156/pound!!@M Sugar What would that value MHC's Inferred Resource?

I think MHC should be proceeding to the next stage of defining what U resources it has ie Indicated Resources.
*The above chart was extracted from a MarketWatch article:

https://www.marketwatch.com/story/the-squeeze-is-on-uranium-prices-hit-new-record-and-industry-watchers-see-further-to-go-54f9d7c8An excellent article outlining the driving factors behind U308 price surge, well worth reading. It outlines the coming shortage of supply which will be exacerbated by a looming ban on Russian fuel services by the U.S., with the Senate just a vote away from pushing that through. Ultimately, Russia could retaliate with a ban on exports rather than accept a phase out by 2028 in that legislation. “An immediate ban would have more serious consequences, likely squeezing prices throughout the nuclear fuel chain,”

As JFK famously said “a rising tide lifts all boats,” I'm hoping this will apply to MHC's share price.
GLTA