RE:Paladin Energy signals shutdown of Langer Heinrich U mineThnx for that Info ....
My opinion is that we will see CCO announce on Friday an extension to the MR shutdown, good bye Miner's, and perhaps a temporary shutdowns at the Kazak Op's and Cigar Lake.
They can fullfill their contract obigations on the spot market at a cost of $21 instead of $30-$40 / lb. Who knows, maybe their longterm contracts are starting to come to an end and they don't need CL or Inkai?
JMO - GLTA.
ps - on the subject of re-starting a mine, a couple of thoughts - from my experience it takes a year to get back up to full production and that is if you can find the miners, which there is a shortage of developing right now.