RE:RE:The future global U supply-demand versus US working groupStratocheif wrote: Cameco is shutting down more production. Why. Because there is no need for uranium. Why is that hard for people to accept. Look at spot price. Down again. Article in Reuters recently - US navy has enough uranium stockpiled to last 60 years. SIXTY. Japan has a stockpile for at least 30 years. Probably a lot more as they never give out accurate infirmation. If US ever needs more, Cameco will ramp up production. The mine is idled. Not closed. Reactors are shutting down everywhere. All kinds of wishful thinking can be used here. No one wants to see the truth
And that children is someone to run away from. Also known as Mr Yuk, whenever you see this creature, make yourself big, scream and yell and it should go away. Entitled as it is to its opinion. The Reuter’s article was written by a bicycle enthusiast who demonstrates little understanding of the uranium market. Let that not dissuade you from doing your own diligence.