RE:RE:RRR - A Great Video SummaryThere is nothing wrong with the offtake agreement. All U miners need one so that financing can be secured. I doubt that the mine will start to be built until the spot gets above $70 so the tiny discount to the spot given to CGN for the financing to get through the PFS was warranted and is an asset going forward.
Also a 550m decline to get into the ore zone is a pitance to pay for access to the ore. Were u misktakingly thinking that the 550m was a vertical distance? A 550 m decline gets u to about 100m vertically. comapre that cost to Gryphon's or the Arrow shaft and u will see what an advantage this shallow depth is to this deposit.
With that 550m decline to the ore zone Fission can be pulling U from the ground in about 6 months. (5m advance per day = 110 days to drive the decline). Don't need a mill either, just truck the muck to an existing mill, don't need a tailings pond either - not a big deal.
I'm not a pumper, not even currently a shareholder, but I will be in the future. When I look at the orebody modeling, I don't think that the zone has been cut off at depth - we may be seeing just the upper tip of an iceberg (I'm not pumping, JMO)
Expect more offtake agreements, to get to the financing stage and subsequent mine development.
We have to wait for the shortage to materialize, how long - who knows?
GL2U - B2S2