RE:RE:RE:One of the best stock in the U sectorI have to agree as well. Does not look like their current focus is to add new
exploratory lbs. but to convert inferred to indicated. Would be happy if that number could reach 175 but does not appear likely.
Having said that the new PFS will further derisk the project for potential
buyers. If the new numbers are an improvement from the original report so much the better.
I have to think that our 3 year deal with CGN will be expiring in January 2019 and that may be a factor in their approach to the summer drilling program.
FWIW I believe spot has to exceed and hold 27 before we gain meaningful traction to the SP. Currently the URA anchor is putting downward pressure on the SP as well. Also FWIW I expect Cameco to announce MR will be shut down indefinitely. Spot has not reacted in a significant way to give them the long term contracts they are seeking.
We live in hope.
LoneStar1