Hi. Thank you for the question. Primarily I would say is the price of uranium is what holds us back. Spot prices are currently at $42.25/lb. which is not too far off if the lows we've hit since the Fukushima disaster.

With that being said, Energy Fuels is not selling hardly any uranium onto the spot market. We are selling about 90%-95% of our production into our 3 existing contracts - last quarter those prices averaged $58/lb. - significantly above spot market.

Mid to long term, things look very good for the price of uranium - and Energy Fuels. And, short term things look pretty good, but we need that catalyst. We think it will come soon once Japan definitively announces the restart of some more of their reactors. Energy Fuels is highly leveraged to the price of uranium, so when those prices begin to recover, we should do well.