NYSEAM:UEC - Post by User
Comment by
17Diggeron Jun 05, 2023 10:50am
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Post# 35480356
RE:Opaqueness
RE:Opaqueness The real number to watch is how many tons do the producing miners have available to sell at anygiven time. That number is now diving as Cameco and Katzatomprom sell out their production capacity with big new contracts.
After they run dry for future years' sales, the price rises until little miners can sell out their production capacity one by one. With not much capacity in little developed projects their turn will pass quckly so then only new mines can fill the insatiable need for U.
Whatever is stored above ground is merely a safety buffer that needs to be held on hand for years until a time is set to decommission the reactor.
Watch the contracts the little guys make and that is the signal for take off in U prices - it won't be long now.