RE:RE:Must read: IR call with CCJMR will not reopen until 2020. From a business perspective, it would be irresponsible for the company to start selling Uranium again at a loss. They must keep it in the ground and mine the product at a profit. Simple as that. Will they be able to buy the 10 Million LBS they need on the Spot market - that is the question.
Spot will need to be at $ 40 + before they reactivate the mines. I also feel for the employess - many of whom are very skilled at their jobs. Care and maintenance - the mine equipment goes quiet - does not run. Machines and pumps need to run to keep from breaking down. Things happen.
When and not if the Uranium market really starts to heat up - will it not take close to a year to get it rolling again - which means later 2020. Cameco needs 20 Million LBS in 2019 and will they find it ? Utilities will really then be trying to contract - and nobody will sign them up at $40. Cameco will want $ 70 for longer term contracts and tied to the continuing increase in the spot market which very likely will pass $ 100 per LB.
The stars continue to align that is for sure. CCJ will be at $ 30 or more in a couple of years. Easy.
MM