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.
CTS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held