they sell about 50:50, on spot and term contracts. They have...

they sell about 50:50, on spot and term contracts. They have said they have plenty of cash and can afford to store the inventory rather than sell in to a low spot market if need be.

They are currently in negotiation with Chinese for additional term contracts and these outcomes should hopefully be announced in the near future.

Listen to their investor calls.

This is BusinessSpectator's commentary on BHP's U outlook from the OD EIS.

"The world is worried about the future of nuclear, but BHP appears to have has no such concerns, and has produced a remarkable set of maps and tables which show that currently there are 439 nuclear reactors in operation. Dalla Valle says that he expects the number to rise to 793 by 2030 - just under 20 years.

Those 793 reactors will require around 92,000 tonnes of uranium, according to Dalla Valle. BHP will be producing 15,000 tonnes from the open pit and 4,000 tonnes from the underground mine - a total of 19,000 - and will be the world's biggest supplier. Dalla Valle says that, despite the 19,000 tonne Olympic Dam uranium output, on his present estimates there will be a shortfall of an incredible 50,721 tonnes of uranium oxide on the basis of present and planned output.

If he is right, the price of uranium will go through the roof unless more Olympic Dams are discovered and developed."

BHP ain't dumb, just look at their billions, it ain't all luck.

Choice