drillfix
The protocol signed with Vostgok in December 2006 gave Uran the right to commence a FFS. However, Vostgok then formed part of Ukratomprom and the protocol rights were transferred over to Ukratomprom. Now that Ukratomprom is no longer a legal entity, Uran is confident that the protocol will be transferred/registered with the new body once its established.
The quarterly was very cleverly written in regards to this issue. It stated that Uran will be commencing the exploration within the next 5 months. Very likely that the FS could commence sooner or may have already commenced.
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