Well, well, well...finally! looks like the utes have finally woken up to the supply deficit. Spot is moving again, someone is desperately searching for pounds in the spot market. There just isn't enough uranium to go round anymore. Physics is a bitch!
And as spot inevitably rises to meet the Long Term Contract price, so too will the economic pressure on Roger Cook, to lift the ban. It's not law, it's a simple, and very stupid, policy. With the flick of a pen he will open the gates to new wealth, new jobs, and fat royalty checks to fill the state treasury.
Toro is the best uranium developer in WA, with the best deposit, and closest proximity to infrastructure, to take advantage of this.
