The contract is relatively minuscule in that it’s over a 7 year period and commences in 2025.
1 million pounds over 7 years when we’re hopefully at nameplate for most of those years? Nameplate being 2.4million per annum.
It’s nothing.
By the end of that contract I’d have hoped Boss would’ve produced 15 million pounds minimum.
It’s well under 10% of what our predicted total production will be.
We will continue to layer in some contracts once we can prove up production. Once we get any inkling of a peak, which is hopefully 2+ years from now and prices definitely north of $150 (plug your own absorb number here) then we’ll contract greater percentages of production.
Duncan is on record of stating essentially this.
BOE Price at posting:
$5.50 Sentiment: Hold Disclosure: Held
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