People need to get the full picture & not take things in isolation.
Dennison temporarily closed White Mesa due to reduction in feed ore. Various mines supplying fed, including their own, became uneconomical due to the drop in U prices, and milling & production at White Mesa became untenable with the same amount of staff, overheads, etc, but with limited feedstock.
Things have changed rapidly in the last 4 months, and continue to improve ... now they will have a new supplier of ore for the mill in WCU, with ore due to the mill in another 3 months time. Expect White Mesa to be up to full capacity by then, which will dramatically improve processing costs
White Canyon will end up proving to be the White Knight, for White Mesa
:)
WCU Price at posting:
38.0¢ Sentiment: LT Buy Disclosure: Held
