Uranium One Inc SXRZF

RE: RE: RE: Uranium Company downgraded

[dubious_one]

Cameco (CCO : TSX : C$26.90 | SELL) has released its long-awaited updated technical report
for the massive Cigar Lake project in Saskatchewan. The company had already disclosed in February a revised capital cost of $1.0 billion and start-up in 2013. But the following is new information: (1) life-of-mine cash operating costs are now forecast at $23/lb (up from $14/lb) and (2) anticipated U3O8 production (Cameco’s share) of only 1.0 million lbs in 2013 and 2.0 million lbs in 2014. The mine is not anticipated to reach the full production rate of 9.0 million lbs per annum (Cameco’s share) until 2017. This may heat up spot market sentiment with regard to availability of supply in the 2013 to 2016 period, a sentiment that may drive the junior uranium equity outlook.