cigar lake challenges

Hi Charlie,

It refers to BLR being a low percentage U producer- therefore with an easier extraction process, and the fact that the Uranium spot price hasn't budged from $72 US a pound in the last month after its continual rise over last year. Cigar Lake had onsold its production in advance. With a delayed or failed mine this is going to affect the spot price for uranium, those with contracts that will be unfilled will pay more to keep the uranium on stream.

But I am sure you understood the technical side of that already.

Saracen