This has nothing to do with monetisation of existing contracts phish. It has to do with supply of uranium into current contracts, they still have this commitment you do realise, regardless whether they are running ir not? Either it comes from spot purchases or it comes from Lance production. Or, more likely, a combination of both. What I'm saying is PEN may be obliged to fulfill some of their supply with U from Lance. Understand now?
Ann: SML Amendment for Low pH Mining Approved, page-61
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Mkt cap ! $350.4M | |||
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