"long-term contracts priced around $70/lb"
Wouldn't it be a nice start if PEN announced they have secured a long term contract....;)
I see Cogema is about to receive approval to re-open the uranium mine in Wyoming. Despite the uranium price being at around $47/lb, COGEMA board of management had directed to expedite the re-opening of this mine. They know what the long term future of uranium will be. Last process of approval now in progress with the US NRC.
Interesting they constantly refer to it as a "Lance formation". Not Lance project just "formation", they have the same indicated geology as PEN already has at Lance, as they should have being right next door.
Have a great day people.
south korea nuclear power , page-3
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