GREY:UEXCF - Post by User
Post by
DearBear6on Jun 11, 2013 12:57pm
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Post# 21518013
Kazakhstan
Kazakhstan
Does anyone think Kazakhstan could produce more excess uranium than any possible demand increases for several years? They went from about 17m lbs in 2008 to 39m lbs in 2011. It took them a few years to erase the gap that HEU would create. Kazakhstan has the lowest cost producers, many in the sub $20 a lb range, because of ISR mining. This could keep uranium prices low if they simply overproduced at the lower cost, which would wipe out the small cap uranium producers. Anyone have thoughts on that?