Slick,
maybe that was you buying?
100m pounds at 25 cents per uranium pound in the ground, not even including the 34 million pounds of vanadium, ablation and the first utility off take contract? Vanadium at $3 per pound adds $100 million in value to WU. Yet WU only has a market cap of $29 million.
African uranium companies are sending their ore samples to be ablated, hoping that their ablated ore will drive down their costs.
Yes, i can see why the share price moved higher. i am truly surprised why it is this low. we all know the USA utilities have backed away from bidding aggressively for new material. Hence the reason for the $1-2 drop in spot price. i expect we will see $30 spot, possibly lower. Then more firms will send their sandstone hosted ore to be tested in Glasier's ablation mining machine.
Cait
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