the weakening aussie dollar has been a benefit to the four mile uranium mine over the last 18 months or so.
currently the spot uranium price is still at around au$45 lb even though the spot is now trading at close to the mid 2014 dip in u.s. dollar terms.
from late 2014 right through 2015 the spot uranium price was trading at around au$49 lb and the cameco long term uranium price was and still is trading at around au$62 lb.
however you want to cut it it looks to me that both alliance and quasar would have made a profit if heathgate simply just sold the mined uranium.
AGS Price at posting:
3.5¢ Sentiment: Hold Disclosure: Held
