yep, historically the long term contracts are about 10 - 15 USD above spot so only need spot around 40 USD to hit target. Should happen this calendar year * Crosses fingers *.
It could be 6 -12 months between restart decision and first production, so the last thing we need is another Fukushima. I think they will be selling 50 - 75 % of production into long term contracts.
Remember they have 120 mill USD in debt already and will need a combination of a capital raising and finance to restart.
If the spot takes off they will be increasing production with the expansion project anyway, so there's more pounds they can sell into the spot market.
Cash flow is king. They need Langer Heinrich producing cash as quickly as possible.
Ann: Appendix 5B, page-7
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