Totally agree with you Nowclear and through all of this Cameco has shown great restraint in bringing more supply of yellow cake to the market. The Paducah plant has always been referred to as equivalent to a Tier 1 uranium mine with an output of 5Mlbs over 30year time scale, total 150Mlbs. All the experts out there a predicting the spot price needing to go way higher to meet demand. If that's the case, it may be in Cameco's best interest and more cost effective to upscale PLEF output to meet the impending demand, rather than start another mine? It could quite possibly turn PLEF into a 10M/bs/year operation! Solves a lot of Western problems with supply if Russia decide to impose a ban.
SLX Price at posting:
$4.28 Sentiment: Hold Disclosure: Held
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