Supply thinning in a already tight market. Add in Niger cutting out France. Think U goes to 75-80usd/p pretty quick.
Cameco says challenges at the Cigar Lake mine and Key Lake mill will impact its 2023 production forecast; It now expects to produce up to 16.3 million pounds of uranium concentrate at Cigar Lake, a reduction from the previous forecast of 18 million pounds
ACB under 6c is building for a big break with LOT needing 24 (charts are showing). 8c could come pre M&A
added a few Friday in those mid 5s.
ACB Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held