BOE did have recovery problems.
Thing is, like for PEN re pregnant solution grade 4 v's 4.5 g/t (ppm) target, the price of U determines profitability e.g. something not economic at 25/lb is very profitable at 40/lb.
And yes mines are sticky upwards i.e. they wont bring on the mines till they are sure the U price will stay up at a profitable price of a significant period. That's certainly the case with the Cameco re- start.
All IMVHO.
Huge coverage in the U.S. for PEN! Top 5 Uranium stocks, page-48
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Last
8.0¢ |
Change
-0.003(3.61%) |
Mkt cap ! $254.9M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 13 | 1345233 | 8.0¢ |
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