SPOT price hit near $60 for the first time in 11 years as rumour of Russian Enriched uranium are cutoff forcing nuclear plants back into the market. With Spot blowing up last night without sprotts involvement it would suggest a melt up is very very real.
LOT has a fully functional mine, all permits and one of if not the lowest restart CAPEX at $50M.
The mineral resource has increased 23% recently and shows increased longevity
It's sunk costs are over 300M , so it's basically at asset pricing.
