fortunately Pdn has been taking new contracts at $60 to mid $60...

fortunately Pdn has been taking new contracts at $60 to mid $60 /lb range....with new contracts signed for sales to the USA

fosters has reported a shortage of approx 30 mill /lbs in the market at this stage....

last month there was very little activity in the spot market so it cannot be relied on for price and demand guidance....

Power companies have been dealing direct with producers....

If the shortage does continue..any producer that can't meet its contracts will have to buy off other producers...that will push up prices......as you have indicated.....

pdn has not contracted all its production.....and has sufficient inventory to cover extra demand at this stage....
they have not over committed themselves ..so they will be in a position to take advantage of any extra demand...

also last reports indicate they have not as yet reached 100 % production at both plants.....

so I expect pdn to be in a comfortable position ..if it remains a independent producer ....which is in doubt at this stage..

any slowing down of supply by producers will push uranium prices higher.....

regards
al1