NYSEAM:UEC - Post by User
Comment by
GSTbay1060on Mar 31, 2024 8:45pm
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Post# 35962034
RE:MAN, NIGER
RE:MAN, NIGER The longer the utilities wait the better it is for the longer term. Without coming to the market today and playing the waiting game hoping the price will come down is fantastic for Uranium!! If no new projects are incentivized today they are creating a bigger problem of no supply in 7 years.. If a project like roughrider was pushed into production today it would be at the very least 7 years till you had your first cake in a drum.
This is why starting the low cost isr first was the best plan. Why? It's all built and permitted. Just hire a few folks drill holes, pump the reagent into the ground, wait a couple of months, pump it out , and process it.. No need to borrow a couple billion dollars.. Remember these were producing properties sold to the Russians by the Clintons and bought back for pennies on the dollar.. This is just one of many projects UEC has in their portfolio.. With the range from exploration to almost in production. Also many joint ventures with Denison, Orano, Cameco etc...
Thats why I find this market so amusing, at one point the utilities have to buy or the lights go out..
glta
dyodd