RE: QuestionCCO777, that was a good message which brought up good points, some of which I had been pointing out to friends privately.
All new sales contracts for U are done on a negotiated basis. If the seller is providing U now to the buyer then the spot price is the guide. If a seller was trying to negotiate a longer term deal for ongoing supply then I suspect the long term price would be the guide.
CCO share price has performed well even though they are getting a crap price for their U due to long term locked in contracts at much lower prices. I think they are averaging about $25 at this time. It makes no sense that CCO should be trading for 3 times the MC as SXR given the expected production profile for SXR versus CCO. I think much of the market doesn't understand the actual numbers for SXR. There are misconceptions out there. I expect SXR to substantially outperform CCO over the next 5 years. By 2013, it is estimated that CCO & SXR will have about the same level of production being 27-28MM pounds. I hold no CCO but lots of SXR. Cheers!!!