Contracted V un-contracted U308 BOSS 2023 on
Cameco choice to go slow in LT contracting as have Kazatomprom and to not sign short term sheets is very well explained by both in The Bloor street capital uranium conference.
Short term or even spot was almost the death of many U miners. The EU taxonomy choice last night will add just another of the many competing Nuclear power utilities to be negotiating now to secure the significantly under supplied uranium market place.
The BOSS start 2023 is a trickle. The " ramping up to 2.45Mlb of U3O8within 3 years"
Material balance in the nuclear fuel cycle LINK
The following figures may be regarded as typical for the annual operation of a 1000 MWe nuclear power reactor typical of many operating today, using 4.5% enriched fuel and with 45 GWd/t burn-up:g
| Mining | Anything from 20,000 to 400,000 tonnes of uranium ore |
|---|
That we do not feed 1/2 of one 1000 MWe nuclear power reactor is not relevant at all. That we will have 2.45Mlb of U3O8within 3 years just at the perfect time is. Had this FID been a few years ago few of us would be holding or buying. A crow bar would not take the shares out of my hands now.
