uranium price

I think the uranium spot price has as much to do with our current woes as any of the legal issues. Heathgate's contracts at $50+ can easily be covered by buying spot at $40+ so they are in no real hurry to cover Beverly's depleting reserves. But make no mistake, they are looking ahead and if they need to ( eventually they will ) they can ramp up 4mile pretty quickly. Remember, preparations are continuing in anticipation on their part that this will go ahead, whether they own 75% or 100%. They wont spend 100 million+ and let it fall away.