afr article on olympic dam and uranium supply

There was an interesting article on page 14 of the Weekend Edition (2-3 May) regarding long term supply of Uranium.

Should the Olympic Dam project get the go ahead (earliest production in roughly 2020), then the extra 19000 tonnes of Uranium produced annually is "a concern for analysts because the expanded output would effectively flood the market and could cause a price collapse."

I've argued before that I don't think there'll be a sustained, long term shortage of Uranium because new suppliers will come into the market. I also argued that when RIO's analysts consider buying a company like Extract with a mine life of 5-6 decades, they probably won't make assumptions quite as optimistic as some that can be found on HC.

That doesn't mean we won't experience another mini boom over the next couple of years.

Z