Boss Resources: Honeymoon period
LOW uranium prices led to the Honeymoon project being placed on care and maintenance in 2014, but Boss Resources is well underway to restart operations with the DFS expected to be complete by the end of 2019. From there it’s a case of confirming an offtake agreement to secure financing for the re-start of the project – which is essentially dependent on global uranium prices. Boss believes the landmark decision of US President Donald Trump to decline issuing quotas for domestic US uranium production is very positive for Australian producers and the uranium market as a whole, as the declined restrictions may have created long term distortions in the market which could have further impacted the recovery of the uranium…