RE:Megatons to Megawhat?Q: (And I'm trying for some objectivity here): What % of U was sold at spot price in those days?
And, if most U is actually sold by longer-term contracts and at long-term pricing, how important can spot price really be to our final take-out value?
Q: We already have a "great resource"; how great is an unknown. Does our shallow, high-grade find actually put PLS farther up the urgency list for development in a low-U price environment? I can't claim to know the math, but this situation reminds me of a grade 11 math problem in solving 2 equations with 2 variables each. A low spot price may affect lots of very early -stage juniors, but isn't FCU far enough along now to weather the choppy waters? And couldn't this actually be potentially beneficial, in a back-handed way, to FCU?