Uranium Forecast 2019 - 2024This sector is even more coiled up, Double Mint and poised. Been looking at the math as a production aspect. Any objections .... ??
2019 Global Uranium Production 135,000,000 LBS
2019 Globlal Uranium Consumption 190,000,000 LBS deficit 55,000,000
2020 Global Uranium Production 125,000,000 LBS
2020 Global Uranium Consumption 196,000,000 LBS deficit 71,000,000
2021 Global Uranium Production 120,000,000 LBS
2021 Global Uranium Consumption 201,000,000 LBS deficit 81,000,000
2022 Global Uranium Production 135,000,000 LBS
2022 Global Uranium Consumption 200,600,000 LBS deficit growing
2023 Global Uranium Production 150,000,000 LBS
2023 Global Uranium Consumption 205,000,000 LBS deficit growing more
OK so now we have Kazak's overestimating production rates and I believe this is true . Cameco still with MR shut and Cigar Lake draining. Rio Tinto and others at a boring 5 to 10 Million LBS per YR.
Who will be supplying the Uranium for the Global Nuclear Reactors in 2026 ? I do believe we have shortage right now. Olympic Dam cannot fire up and produce under any circumstance beyong Copper production and Uranium as a Byproduct..
Prices will rise by about $ 1.00/LB via spot per month starting in November and will increase.
Tell me where the Uranium is going to come from specifically. From folks on other boards also. All I know is UEX Christie Lake and yes Shenty is right with 150,000,000 LBS + are in the bag - this is a MINE in 2025 - a UEX Uranium Mine between Cigar Lake and McCarther River. All connected and proven by UEX management. Roger hunch was right with Christie Lake ......Cigar Lake II - Orora big sister discovered during summer drilling......
Friends we have a problem. FCU Board and NXE board are bashing each other as idiots. Laramide - yyyaaaaH THEY have dispersed the URA over ride big deal...... Lightweight but important. Invest in the many - focus on the few.............. UEX is so undervalued not even funny...
MM