Peninsula Energy Secures Sales Contracts Above Current Uranium Spot Price
http://www.u3o8.biz/s/MarketComment...es-Contracts-Above-Current-Uranium-Spot-Price
In a note released Wednesday, Dundee Capital Markets analyst David Talbot said those contracts are for a total of 3,997,500 pounds of U3O8. Average contract duration is estimated at about 7.5 years, suggesting that 533,000 pounds per year may be sold into contracts. "We estimate the weighted average price may come in close to US$53.54 per pound ignoring escalation.
Peninsula Energy Secures Sales Contracts Above Current Uranium...
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