Market Cap, page-126

They - SPUT don't physically - need to buy - ship - replenish from vaults any stock sold at an expensive exercise. All they do is deliver pounds from newly purchased - at newly lower negotiated (as they are in talks with kaz and others no doubt) which remains lower than the new settled price.

What the pounds stored in vaults has achieved is raising the price to a higher stable premium that can not be overs or many suppliers will arrive in the future. But SPUT controls it by having years of supply of pounds in vaults that potential new suppliers know they can release at a low premium so it keeps them out of securing finance - start up - financiers will not invest in new risk mines because they now see that risk is enhanced as SPUT/SPROTT hold the trump card.
It also aides potential start up of a few mines they themselves are heavily invested in thus achieving another separate large gain and future supply source that they secure at a lower premium due to their large investment hold in those companies in 3-4 new mines. Those mines that were only ever a possibility now come online at a cleverly crafted SPUT investment strategy using others money for their large overall gain - a double dip - a double windfall for SPROTT - very clever indeed - "many are not factoring their newly founded producer status link in their plan". Their longer term strategy is to be a powerhouse with all processes controlling much of uranium. Conglomerate uranium company (in different company's) - Miner/producer - huge vault holding - supplier - relative control over supply at a stable very profitable supply price. With the only future obstacle Kaz as they can ramp production at lower production costs but why would they when they can mine/produce less for higher prices thanks to SPUT/SPROTT strategy.

Anyway again - whatever the case - great for Paladin and holders.