Looking at what Cameco, Paladin and Uranium Energy Corp have been getting for their uranium during 2012 I think the sales from Four Mile are unlikely to be in the low $60 per lb range.
Unless there is a dramatic rise in the spot price over the next six months or so I think we will be looking at the mid to high $50 range.
It would be nice to see the aussie dollar fall back a little too.
But the big thing is that it's nice to be thinking about the forthcoming revenue stream.
Uranium producers are few and far between.
AGS Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held