Managing Director Greg Cochran tells Mining.com.au the company believes the conclusion of a ‘successful’ Scoping Study will lead to broader recognition of its flagship project’s inherent value. He says while the recent high in price is ‘great’ for those in the industry like him ‘who have a longer memory than 2007’ the latest move has been a historic one. “The reality is, this is only the second time in history that the uranium spot price has breached US$100 per pound.”
Having ‘dabbled’ in uranium as a student in the 1980s and throughout the 1990s until today, Cochran says with having a longer perspective of uranium ‘it’s so exciting to see where it is today’. He says the sector has managed to ‘capture the early money’ with some large funds such as Sprott Asset Management getting involved, however the more broader industry funds are only now becoming interested.
