This is where you will have my 100% agreement.
We previously agreed on a T/O. The price will be dependent upon AEE derisking the project.
The Chinese will not have as big concerns about AISC for a project if it is marginal in terms of feasibility. Husab is a prime example which has relatively high costs and I doubt would get funded in the current climate, if it was in the hands of listed company.
The Chinese have funded port upgrades in Mauritania.
It is now up to management to derisk the project.
Against this is, imo, more favourable projects in Namibia and Niger at this time.
Uranium spot price, page-1100
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