RE:RE:Big picture 232 is irrelevant Cameco will not restart Mcarther River.. some are saying at any U price.. Macarther River has big problems.. imo they may restart at some point but certainly not at $40.. possibly double that but basically they don't have any other option to increase production.. they may buy out Fission in a JV with the Chinese but that won't be producing for at least 10 years.. same with NexGens Arrow.. 10 years minimum.
Can you name any other deposits that will be producing within the nest 10 years? that will be producing anything close to the millions of pounds of U deficits that is already happening and will be increasing exponentially over the next 10 years?
Yes the Chinese are buying up deposits in Africa but again they won't become mines for many years..
The Kazaks have nigh on done all the cheap and easy mining.. they need a higher price too.. they are not stupid.. why do you think they cut production and went public in London?
Are you aware of the number of new reactors being built world wide? Do you know how much Uranium they need just to start up?
EFR has never done a revearse split: FACT.. they did a 60 bagger between 2005 and 2007 FACT.. that kind of blatant misinformation suggests you just make things up when it suits you just to back up your dogmatic arguments that you repeat endlessly about things you don't really research in depth.
How many times have SH banned you? 20 times? 30 times now? why would they do that? Hmm it all speaks for itself if you ask me.
You like to sound like you know everything but you clearly don't.
Goldqueen2 wrote: Some of what you say is true but a lot isn't. There will be no boom like last time. There is so much supply that can hit the market at $40, the domestic miners won't earn squat. There may well be a speculative rush at some point but the utilities have learned their lesson...they won't make the same mistake twice. Uranium might spike to $60 briefly but a flood of commodity will come online driving it back down. I wouldn't hold your breath for a repeat performance. Not going to happen. Cameco will turn back on at $40...The Kaz will continue to produce for less than that. The big African mines are going to the Chinese who have a massive stockpile already. There's some money to be made here in this space but don't delude yourself that UUUU is going to $10 anytime soon. PS...the $270 price included big reverse split.