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Cameco Ord Shs T.CCO

Alternate Symbol(s):  CCJ

Cameco Corporation is engaged in providing uranium fuel to generate clean, reliable baseload electricity around the globe. The Company also offers nuclear fuel processing services, refinery services and manufactures fuel assemblies and reactor components. Its segments include uranium, fuel services and Westinghouse. The uranium segment is involved in the exploration for, mining, milling, purchase and sale of uranium concentrate. The fuel services segment is involved in the refining, conversion and fabrication of uranium concentrate and the purchase and sale of conversion services. The Westinghouse segment is engaged in the nuclear services businesses. Its uranium projects include Millennium, Yeelirrie, and Kintyre. The Cree Extension-Millennium project is a Cameco-operated joint venture located in the southeastern portion of Canada's Athabasca Basin. The Yeelirrie deposit is located approximately 650-kilometer (Km) northeast of Perth and about 750 km south of its Kintyre project.


TSX:CCO - Post by User

Bullboard Posts
Comment by MegaMAxTZon Jul 18, 2018 12:51pm
165 Views
Post# 28333499

RE:RE:Must read: IR call with CCJ

RE:RE:Must read: IR call with CCJMR will not reopen until 2020. From a business perspective, it would be irresponsible for the company to start selling Uranium again at a loss. They must keep it in the ground and mine the product at a profit. Simple as that. Will they be able to buy the 10 Million LBS they need on the Spot market - that is the question. 

Spot will need to be at $ 40 + before they reactivate the mines. I also feel for the employess - many of whom are very skilled at their jobs. Care and maintenance - the mine equipment goes quiet - does not run. Machines and pumps need to run to keep from breaking down. Things happen.

When and not if the Uranium market really starts to heat up - will it not take close to a year to get it rolling again - which means later 2020. Cameco needs 20 Million LBS in 2019 and will they find it ? Utilities will really then be trying to contract - and nobody will sign them up at $40. Cameco will want $ 70 for longer term contracts and tied to the continuing increase in the spot market which very likely will pass $ 100 per LB.

The stars continue to align that is for sure. CCJ will be at $ 30 or more in a couple of years. Easy.

MM
Bullboard Posts