A recent spot sale of 1,000lbs. of Uranium went for $85 USD. The previous spot was around $72 USD/lb.
Of course this means the value of CTS's Peruvian reserve is UP.
Currently Contact's CEO, Head Geologist & 2 IPEN geologists are on site at Corachapi to oversee the coming drilling program, with the expectation that reserves will rise from 1M to 4-5M.
CTS have recently opened an office in Lima & have employed a Peruvian Manager.
It's ALL go for CTS, in Peru - forget the current share price downturn - there are profit takers in every market.
This stock is on the way UP, BIG time - GET ON BOARD - It will be some ride.
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