I am sure BMN will be approached at some point .. I posted this on another thread:
"Dont know if many people realise this, but Cameco had already sold a fair bit of Cigar Lake production via forward sale off-take agreements!!
These certainly wont be honoured, in fact, may NEVER be honoured.
Those utilities will need to go back to the market & make up this shortfall in their planned inventories.
Also as mentioned, China is the wildcard Joker in the uraniumium game! China currently has: 11 operable reactors 11 reactors under construction 26 reactors in planning stage 77 proposed
Yes, there is new production coming onto the market soon via PDN, Areva, and a few others. But a number of other projects have scaled down and/or stopped, ex-weapons uranium will squeesze over the next 3 years, and demand especially from China is going to escalate exponentially.
Brewing up to a perfect storm by the time some of the Oz explorers plan to be producers."
BMN Price at posting:
96.0¢ Sentiment: LT Buy Disclosure: Held
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