$50 is about the spot price at present $65 is the long term price
about 85% plus of all sales are long term contract prices
at a conference recently talking to greg hall from toro and he says that most spot prices are for small production mines and short mine life mines. Larger mines have most production at long term price, And his main theme at this presentation was that uranium was about politics
So in my opinion namibia is the place to be
IMHO This short time price fall of EXT is not a major concern to the operators, They have 30 to 50yr plus view on the project. with the view to easy double production in 5 to 10 yrs time if they see fit.
Try get a list of the top 50 share holders and see if they are peeling of the majority of their holdings. I believe you will find this is not the case.
So for the ppl that can kick back for a few yrs and enjoy the taste of the fruit ripen, should do ok
cheers to all holders
EXT Price at posting:
$7.82 Sentiment: LT Buy Disclosure: Held
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