// What's changed since then? //
Pretty simple stevenjd, the uranium price has peaked is in slow decline - and is in no way assisted by global economic woes.
You talk about total tonnage but it means nothing. When the prices are low it is grade that counts. You could have a billion tons but if the grade is not high enough it's worthless. On the other hand if you had just a few million pounds at an extremely high grade you get a much better return for every shovel-load of dirt you dig.
Pretty simple.
share price and cash, page-15
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