It's certainly on sale. CAPEX is a bit high but I think the...

It's certainly on sale. CAPEX is a bit high but I think the world (financers) will be happy to bare the cost (as will we no doubt). The thing is if 232 takes off the Americans can't get it all from themselves. Say they exclude Kazakhstan that leaves Canada and us - and perhaps a handful of other small countries. The thing is utilities all over the world want continuous supply and to hedge they want diversified supply.

If Canada has a flood in the Athabasca basin they could lose their ability to supply. Utilities know this so wont just get it all from them. Anyway, it will all have a knock on effect. So I agree there is some real value to be had at VMY.

If they do succeed they'll have pipeline of projects in the NT and be cashed to progress them as well. Australia might not want our Uranium but the world does.