RE:Question for your weekend due diligence...Just a comment Quakes but I have found all the data in the Uranium market to be out of date and based on assumptions. A few examples:
Mid last year CCO were publishing a net 80 global new reactors when my data was telling me around 61, when you factor in closures.
Many sites still have 440 operating global nuclear reactors even though 40 something are not presently operating in Japan.
6 months ago the pundants were talking about a 2022/2024 break even in supply demand on Uranium. Some pundits are still talking about discounting the reality of a Kazatomprom 10% production cut as a "see it to believe it" before they will factor it into their equations moving forward. The reality is look who they are now using as their consultant to guide them on policy. I firmly believe this cut is real. Factor in a few more small mine closures or possibly cuts to production. How long it would take to get the global mine closures they would need to get to those cuts and/or the global increases in production?
My new dates are 2018-2020 break even depending on a few factors, probably around mid to late 2019 but in the mean time as supply gets mopped up on the spot, prices will continue to increase and force these utilities to start getting to the table and signing LT contracts.
My guess is low to mid 30's this year in spot and low to mid 40's in 2018
Just my two cents and probably not worth much more than that. Enjoy your weekend