Nyklex,True enough, Spot market sales by their nature are...

Nyklex,

True enough, Spot market sales by their nature are assumed to be unrelated to production costs. For instance a producer could buy on the spot market to deliver on a contract that was not able to be met by way of production.

The long term market however supposedly takes into account production costs, however I have also read commentary that even though it is supposed to, it in fact does not, instead the difference between the long Term and Spot is the premium for supply insurance/guarantee.

I think because the open Uranium market has not been around that long that the relationship between the Spot and Longterm is still being decided.

Regards JJ