Cameco Ord Shs T.CCO

It takes .00681 lbs of U to generate 1 Megawatt hour

[Clemxb7]

So it cost $.20 (USD) in raw uranium to generate a megawatt hour of electricity. 

Price of electricity in North America varies widely from about a low of ~$.10 (CAD) ( Hydroelectricity - Quebec, Manitoba, BC) to a high per  kilowatt hour of around ~$.23 - $.27 (USD) (Hawaii, California, New York). The average retail kilowatt hour in the US is ~$13.50 (USD). 

So average revenue generated from a megawatt hour of electricity in the US $135.00.

So the cost of uranium per megawatt in the US is 1/675 of the total cost at $30/lb. If uranium tripled in price it would add $.40 in cost to the average retail megawatt hour price 0f $135.00 in the US. 
Really what a Utility pays for Uranium is pretty much a non-issue. The big costs in a reactor is the build cost and ongoing financing then labour. The cost of the Uranium to run the whole thing is almost an afterthought. I wouldn’t be surprised if the average utility nuclear reactor plant spends more on PPE than Uranium.
So I guess my point is Uranium is not cost prohibitive to the Utilities even if prices were to quadruple so that is not a really hard pressure on the price of U.
I knew U wasn’t a high cost in electrical generation. Now I know it’s almost a non-cost. (LOL)
I got all this info from Google.

[schrodingerscat]

True. include the waste/spent fuel storage,decommissioning,it really is miniscule.

[MegaMAxTZ]

Redo the math. 1 Megawatt  =  1000 KW MM

[Clemxb7]

You are 100% correct 1000kw = 1 megawatt My post does have some sloppy writing though the math is solid. MY CORRECTION IN CAPS Here is where I got the above info  “It takes .00681 lbs of U to generate 1 Megawatt hour“:   https://www.freeingenergy.com/math/nuclear-fuel-uranium-weight-pound-kwh-mwh-m125/#:~:text=Nuclear%20power%20plants%20require%20very,pounds%20of%20enriched%20uranium

[pabaloo]

The price of Cameco and Uranium are going up! Nuclear has to be part of the solution or you continue to burn coal and gas for baseline power.  Only 50 percent of uranium supply is getting to market. The price lags by 2 years. Buy a position and wait for the rocket launch. Spot will start to move soon probably sharply. Good luck thanks for the math.

[TickerTwit]

Rick Rule was saying the very same thing in 2015. And in 2016. And in 2017. And in 2018. And in 2019. And in 2020. He's on Youtube if you'd like to see what he has to say in 2021. He won't talk to you personally unless he thinks he can hook you for one of his funds, but you seem like just the kind of person that Rule would love to chat with. .