OTCQB:UEXCF - Post by User
Comment by
MegaMAxTZon May 30, 2019 9:54am
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Post# 29784726
RE:RE:Is this where Uranium is headed?
RE:RE:Is this where Uranium is headed? Hard to believe that we are at June 1 and STILL no real movement in the Uranium sector. Maybe the lights really will go out .......... don't think so.
So what the Fudge is going on here. Do we really have Billions of U pounds in above ground inventory around the globe ? Don't think so.
No Uranium company is making any money. Make a car for $ 50,000 and sell it for $ 29,000 just to keep the plants going - can only go on for so long.
Kazak's main mines are getting more expensive and deeper to process. And what pollution are they causing in all their mined areas ? Who knows but must not be pretty. And do they really have Billions of pounds under the ground ? Don't think so.
McCarthur River will remain closed until they get contracts at $ 60 per LB and above. At least that is what I think. That means it will be closed now until possibly early 2022. And do not forget what care and maintenance really means - keep the mines from flooding but idled equipment starts to rust away in damp dark environments. And has to be replaced which costs money.
Predictions of Spot price at $ 34/LB in less than 35 days. We shall see .
MM