Well, well, well...finally! looks like the utes have finally woken up to the supply deficit. Spot is moving again. Looks like someone is desperately searching for pounds in the spot market. And finding out there just isn't enough uranium to go round anymore.
And slowly the global imperative to decarbonise the grid, is waking up to the fact that nuclear must play a big role. 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 backward policy he inherited. With the flick of a pen he can open the gates to new wealth, new jobs, and fat royalty checks to fill state treasury chests.
Pound-for-pound, Toro is the best and most advanced uranium developer in WA, with the best deposit, growth opportunities, and infrastructure setup, of all the players in WA.
TOE Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held
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