RE:RE:RE:RE:RE:future doesn't look bright for CCOYou must be dreaming. Nexgen will not be in production by 2023. They have no experience or expertise to go into production. They would have to have a partner or sell out to someone who has a background in production. Nexgen is an explorer!! Nothing more.
teevee wrote: The bulk of CCO's contracts roll off mid 2020's. NXE can be in production by 2023. You might ask, where is CCO' going to get the uranium to keep market share, as they can't develop next phases of McArthur and Cigar without much much higher uranium prices, and contracts to guarantee the debt that will be needed to proceed with development. Furthermore, inventories could keep uranium prices soft and and in the $40- $50 range until 2028. NXE and Kazatomprom can proceed under that price scenario whereas Cameco cannot, along with the myriad of low cost resources waiting for higher prices.
ssthv wrote: But Nexgen is really far away from being a producer, somewhere between 6 to 8 years. If the next contracting cycle starts in 2020, how is Nexgen going to benefit from it and be a thread to Cameco?