Uranium spot price, page-1049

I would like to speculate in my own opinion on who the off take talks could be with and I would very much like to think that we could draw the eye of the Chinese investment for Tiris.

According to a pre feasibility study from the Energy National development and Reform commission. Beijing. That was brought to my attention by Ray_Dalio_Fan on another forum.

There are 290 planned reactors to be built by 2048 at a rate of approximately 10 per year. The rate to build reactors is typically 4-5 years however China Nuclear Engineering and construction group once delivered 22 in one year. But let's hope they take the conservative building of beginning ten per year.

This is massive guys. China will undoubtedly take the long view of sourcing Uranium for the future. Within the study the need to source Uranium both domestically and internationally is recognised as a hurdle and China will be looking for solutions to this need as by 2050 they are estimating their need to be equal tot he global demand presently. China will need as much as the entire market supplies now per annum. They will be seeking to buy up portions or entire takeover deals of existing companies with known deposits IMO. Thats possibly us and anyone else publicly listed. 

They also don't mind if U is over $130 per kg

I wish I had more time to cover more points but a fantastic read for anyone interested in U

https://www.sciencedirect.com/science/article/pii/S1674927817301181