"Financial modelling completed to support this Ore Reserve estimate is based on the FS and this modelling shows that the Ore Reserve is economically viable at U3O8 metal prices supported by consensus longterm contract uranium price scenarios in the range of US$40-50/lb U3O8."
[The] "Uranium price [US60.00] is based on the long term consensus incentive price to stimulate development of new uranium projects sufficient to meet a range of market demand forecasts."
"The uranium market is currently in a surplus position largely as a result of strong low cost production growth from Kazakhstan coupled with the significant global demand shock following the Fukushima reactor incident in March 2011."
Currently, the spot price is $US25.45 with the LT price being c. $31.00.
AEE has stated all shareholders should completely ignore the spot price.
Looks like a chronic 3B stock to me. I can't imagine the Vanadium project will be much different.
Ann: Tiris Uranium DFS Complete, page-18
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