RE:RE:RE:RE:RE:BHP to increase uranium outputBHP is looking out to the future when there will be many more reactors operating than there are now and the worlds demand for Uranium will be much higher than it is now. All of that additional production will be gobbled up. I will say again - there are 58 new reactors in the 1000 to 1600 MW range all coming on line in the next few years. They will need Uranium for 80 years. All current mines are finished in 20 years or less. No new mines are coming on stream. They are expecting, as we are, that Uranium will be trading for much higher prices in the future and it may well turn the tables where copper is the by product.. There will be no effect in the next few years but I can assure you that BHP wants to make a lot of money from their 600 million dollar investment...so do you think BHP expects Uranium prices to stay at this low level. To me this is one of the most bullish indicators I have seen.
Regards
Malcolm