Costs per lb
I see the same cost discussion is happening over here that is happening on the FCU board, so I'll post this here as well......
...according to Rick Rule and the CEO's of SYH, FCU, AL and GXU at whatever that mining conference in Vancouver was the other day, average costs are $60/lb, and the current price is just over $20/lb. Prices seem irrational to me and will eventually go up. Kazakhstan has that trading arm in Switzerland that's going to be up and running in Q3 and since they are going public in 2018, they are going to want prices to increase for a nice balance sheet I would imagine. I have also read that apparently the law there is that as soon as uranium is out of the ground they have to sell it right away, so they are hitting the spot, thereby depressing prices. With this trading arm, they'll no longer have to do that. I'm all in as of today with all my uranium stocks, waiting for lift off.