Not hard to see what's going to happen soon even more preassure on our State Governments to Yeild.
From TheStreet.com
Cigar Lake was supposed to go into production in 2008 and produce as much as 18 million pounds of uranium a year; 18 million pounds -- that's more than a tenth of last year's total global demand of 171 million pounds. In 2008, uranium demand was already expected to exceed supply by 25 million pounds. With Cigar Lake out of commission, that gap will be 32 million pounds -- an increase of 30%.
"Losing Cigar Lake in the uranium world is like the oil market having to deal with the loss of Saudi Arabia," says Kevin Brambrough of Sprott Asset Management.
I'm starting to look at SMM real hard now and do the sums.
Cheers
Xan
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