mesa mill operations , page-4

I've posted before about the problem with this ubiquitous quote about White Mesa Mill in the shonky Telluride Daily Planet. Nowhere else on the net or in Denison's filings is there any reference to Ron Hochstein linking milling strategy to the spot price.

The problem for the TDP journo is that Denison doesn't sell at spot. Denison's sales are on longer term contract prices. I can easily believe that Denison's costs are above the spot - but during the last quarter they sold product at average $66.03 per pound, when the spot ranged from $53 down to $42 (data from the same announcement you quoted). A 50% premium to spot on sales sounds good to me.

Baz