Good article!
“BHP Billiton appears unfazed about flooding the world market with uranium from its planned Olympic Dam expansion … the company was "not concerned" about being able to place material into the marketplace, despite speculation an expanded Olympic Dam could produce 30,000 tonnes a year - more than 40 per cent of global demand. …
“Given ABN Amro's long-term uranium price forecast of $US35 a pound, the flood of uranium from the Olympic Dam expansion could pose more of a risk to other aspiring uranium miners than to BHP.”
Wake-up! All U-fans.
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