UEX Corp UEXCF

Global Uranium Consumption 2018 - 2024

[MegaMAxTZ]

So if you calculate the U consumption at current reactor levels in 2016 and then add the under construction units with some starting in 2019. The production rates are well below current consumption rates.

The question is secondary supply and who is sitting on what right now. Japan is still loaded up because they have not been using any since Fukushima. Say by 2019 they have 10 going. By 2020, China will have 4 or more starting up each year for 5 years. And China is sitting on a stash of U as well.

But even then, production takes 5 years at least to fire up new mines. All this means the gap that many have been predicting since 2013  - now really looks like a looming shortage when these utilities all need to reup contracts expiring starting in fall of 2016 out to 2018. BIG contracts are expiring as in big ones that need real LBS that started in 2008. No terms are more than 10 years.

All this really means is when spot U prices start to jump, they will jump quick and then it is game on. Predict timing of down dip drilling will be after Labour Day - probably September 17th after this 4 month and a day from the flow through stuff.

How about more than 20 M at 45.0 % + at Christie L in various up and down and accross directions. Think I can smell it  :) 

Just my MO.