RE:cameco respondsMcCarthur River is shut. No question. No new mining for 2 years out to Fall of 2020 or later. Sell a Starbuck coffee for $ 2.30 and costs you over $ 5.00 per cup. Not going to happen.
So now what. Cameco hunts for Spot Uranium at $ 23.00 per LB. Will find some but not 10,000,000 LBS worth. And next year they need over 15,000,000 LBS on the Spot. This will push everyting over $ 30/LB.
Evereybody says things happen quickly. Brace yourselves as the wave of hedge fund money hits and not much to buy. And they cannot buy which is even better for the small investors. 10 % of Cameco is still under $ 500,000,000 dollars -peanuts....
Nexgen, Fission , SkyHarbour, Mega, UEX, GoViex, DNL, TORO, Western, et al and add them up looking pretty good.......10X, 20 X and onwards. But who knows......
MM