OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon Jul 06, 2020 3:01pm
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Post# 31230018
RE:Rate of Production to be curtailed until Spring of 2021
RE:Rate of Production to be curtailed until Spring of 2021 No pundit, no analyst, no expert - NOBODY predicted in July 2005 - what would happen in the next 24 months to Spot and thus LT.
July 2005 $ 29.28/LB July 2007 $ 131.50
What will happen between July 2020 and July of 2022 ?
My prediction is that we will see $ 100 /LB + for a period looking at all the factors both Rational and Irrational. The mined LBS are just not on the horizon between now and 2027. The global nuclear fleet needs 1.3 Billion LBS in the next 7 years. Just not going to happen at the current price levels.
So Utilities are going to enter like a herd of elehants looking for LBS. Can hear them now.
MM