RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:the problem with NXE is that they seem to wantOuch!! That was a bit harsh MM...but really funny.
Giz is hilarious. The more negative he is the more I am inclined to buy. In fact if you do exactly the opposite of what he posts I think you will do very well. Strange that I did not hear anyone forecast a 24 cent 10.435% jump in NXE. Those that like to forecast seem unable even to predict the share price one day ahead let alone months or years ahead.
So for all who may be inclined to listen to the codswallop posted here I strongly urge you to base your decisions on facts not opinion or conjecture.
The facts are that the number of reactors on line is increasing. Every reactor consumes Uranium. No reactor can operate without Uranium. There are 56 reactors yet to come on line and many of them are very large reactors with correspondingly large appetites for Uranium. Demand is increasing.
There are NO URANIUM MINES UNDER CONSTRUCTION. I capitalised that because it takes years to build one and all the current mines are gone in 15 years - mined out. No Uranium in 15 years time. If Giz is right even Cigar Lake will close at $15/lb. CCO will not lose money by digging it out the ground for less than they can sell it for. That is stupid economics.
There is nowhere near enough inventory to supply all those reactors. Current mines are shut or will shutdown if the price of Uranium stays where it is.
So the price MUST go up.
Malcolm
MegaMAxTZ wrote: Gizard 16, I believe your estimate is much too optimistic. Uranium at $ 15.32/LB is on the high side. All of the Utilities will be able to buy long term contracts at maybe around $ 12/LB out to 2029 - Yes so they only lose about $ 10/LB for every LB they sell.
Oh by the way, you are an Idiot. What was your handle in the last run 15 years ago....
I suppose the little trailer you live on the ranch with a wind turbine going and small solar are good for your needs. Oh and make sure to eat the birds your wind mill kills very night.
Best of luck.
MM