http://www.highgrade.net/article/2011-12-15/More_concerns_on_uranium_supply
How much of this have we seen (and will we see)?
ERA was in a similar boat too - these aren't small downward revisions and they aren't from third tier companies.
This is all imo very significant and will be reflected in the spot and contract prices in the short to medium term...
"ANOTHER signal suggesting uranium supply is an accident waiting to happen came this week from Areva in Nambia.
The uranium heavyweight’s much maligned low-grade Trekkopje project has seen its resources revised from 45,200 tonnes of contained uranium to 26,000t."
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