RE: Landmark Day31 Aug 2017 09:31
$43 and yes, you're right, as with any hedging via sales contracts it's a doubled-edged sword but if Uranium merely went sideways for the next five years at low $20s then BKY are still netting 3x of their costs per lb at that fixed $43 price. Talk about a premium :) Many/most other Uranium producers are losing big cash at $20s ...
The uranium chart I put together last night is clearly long-term so if Uranium ever did make it back to $70s it would most likely be over a five year timescale but by then contracts will have been renegotiated and possibly far to the upside of even that number given the monster premium they can obviously command due to their geo-strategic location.
If you haven't read 162's cracking blog yet then Google "BKYBlog", it's well worth a look imo.