Spot Price means nothingAs said numerous times before in the real U308 market, the spot price is nothing, as almost all the U308 sales are on long term contracts . The spot price is always a bargain price from some producer that needs the cash [ or the US government lately ] .
It affects stock prices due the disconnect by investors to the real price which currently is over $60.00 per lb . All Athabasca producers are profiable at this price and the purchaser of PLS will be very profitable at this price. China will continue to buy on this market as long as it is a bargain ,until they have their plants operating and need a steady supply. At the cuurent spot price it is just a matter of time until whoever is selling shuts down production or goes broke. Low prices always result in low supply.