So this slide from Duncan’s presentation today - suggests the term prices has risen to $120-130 approx and spot prices down to US$100 after reaching new highs $150. This tells me that :
1. Utilities are scared prices are rising too quickly so are now willing to settle at new higher term prices? Win/win for producers.
2. What is this rubbish industry talk of uranium price declining to as low as $70? Am surprised to see $100 here.
3. Boss has plenty in reserves but not selling for less than $100? They are not in a hurry to sell and can afford the luxury to sell when the price is right thanks to zero debt. This means Boss is running its own spot market. Huge win/win.
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