With regards to the comment about "limited upside", let's think about that for a moment.
Upside could increase if any of the following occur:
* The size of the resource increases (currently being independently verified)
* Tyhe grade of the resource increases (currently being independently verified)
* The production/operating costs decrease (currently very conservative and also subject to independent validation)
* The capital contribution decreases (currently considered very conservative and also subject to independent validation)
* The production rate increases from the planned numbers (maybe an option??)
* The price of U308 goes up (supply & demand suggests this will occur)
Given the unknowns above that will have further clarity in the near term, I wouldn't kerb the upside at all!
Cheers,
dsm0
With regards to the comment about "limited upside", let's think...
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