Thanks yoyoma!
It just confirms that the Chinese;
a) dont mind paying up for certainty of supply - especially given the fuel is the cheapest element of nuclear energy production.
& b) have foresight and long term vision - indicative of Chinese policy and likely future approach to securing supply.
I couldnt agree more - this is exciting news and spot prices are going to reflect the scramble to secure supply for the 130 odd reacters currently being commissioned and many more that are proposed and planned. BMN should benefit handsomely. Roll on further radon cup metrics, Mining licence and JV partners.
Who wants a piece of the action? I think Smity is right - BMN could be worth significantly more by end of Q2 IMHO.
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