"one US miner went on to say that his pounds when he produces...

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1224

09/02/24

12:13

Post #: 72322876
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Originally posted by Jaat308: ↑

a real value for aura and the rest of the space
some educated players are predicting $150lb as a standard contract price forward looking
one US miner went on to say that his pounds when he produces will not be looking for contracts
but sell into the spot market where he thinks prices will be stronger

looking at the recent lithium bubble miners that where trading at single to double digit millions market caps in 2020
Increased in value to multiple billions by 2022
the spud in the same time went from under $500 to $6000 about a 12x in the 2 years and is back to under $1000
and some miners came off to the tune of 90% from there peak and talk is some are going to c&m
the lithium demand was based on expectations ?
that everyone was going to drive electric not happening in Africa Asia or India plus the grid can’t handle it
now having issues with fire etc and the battery technology was always going to advance

uranium totally different
the current demand is running in deficit to the current supply and the deficit was filled by the spot market for years
which has now depleted all secondary and any stockpiles and on top you had sputt who took millions of pounds

BHP and China who where sellers in the spot for years are pulling the pin
China has turned into a aggressive buyer buying all uranium it can get his hands on not only for his reactor growth
but wanting to be a leader in the SMR technology to build and supply to the new owners

fuel buyers where on a good wicket for many years any deficit was available in the spot which kept
uranium prices low for over ten years no interest for any uranium mining no new production no new discoveries
and now the latest
the 2 biggest suppliers kap and cameco having issues to deliver on there contract supply
which only indicates they are getting depleted and the biggest issue
is with fuel buyers for the west which is where the majority is needed currently why the U.S. is backpedaling on cutting off east supply

the demand for uranium is only going one way and the next few years can be very explosive for space
reactor growth
carbon zero agenda
physical investment
supply shortage
east and west separation safe jurisdiction it goes on

Aura has Tiris a very nice cake but Haggen is the icing

imo

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"one US miner went on to say that his pounds when he produces will not be looking for contracts but sell into the spot market where he thinks prices will be stronger"
Yeh, That is what Borshoff at PDN said. Look where it got them.

AEE Price at posting: 26.5¢ Sentiment: None Disclosure: Held
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