They are still very bullish 2024 and beond ... this direct from...

They are still very bullish 2024 and beond ... this direct from their investor web site. We were looking for production squeeze or at least a indercation of shortfalls .. Don't worry .. it will wash through in next couple of weeks and then back to the rocket ride.

ummary of Q4 and 2023 results and developments:

• 2024 guidance: With the improvements in the market, the new long-term contracts we have put in place, and a pipeline of contracting discussions, our plan is to produce 18 million pounds (100% basis) at each of McArthur River/Key Lake and Cigar Lake in 2024. We also plan to begin the work necessary to extend the estimated mine life at Cigar Lake to 2036. In addition, at McArthur River/Key Lake, we plan to undertake an evaluation of the work and investment necessary to expand production up to its annual licensed capacity of 25 million pounds (100% basis), which we expect will allow us to take advantage of this opportunity when the time is right. Based on Kazatomprom’s (KAP) announcement on February 1, 2024, production in Kazakhstan is expected to remain 20% below the level stipulated in subsoil use agreements, similar to in 2023, primarily due to the sulfuric acid shortage in the country. We are still in discussions with JV Inkai and KAP to determine how this may impact production at Inkai in 2024 and thereafter and therefore our corresponding purchase obligation. At our Port Hope conversion facility, we plan to produce between 13.5 million and 14.5 million kgU, including
  12 million kgU of UF₆ to satisfy our book of long-term business for conversion services and customer demand at a time when conversion prices are at historic highs. As a result of these plans, we expect strong financial performance in 2024, including cash flow generation. See Outlook for 2024 and Uranium – Tier-one operationsin our 2023 annual MD&A.
• Fourth quarter net earnings of $80 million; adjusted net earnings of $90 million: Fourth quarter results are driven by normal quarterly variations in contract deliveries and the continued execution of our strategy. Our results include the addition of a new segment with the close of the acquisition of Westinghouse Electric Company (Westinghouse) in the fourth quarter. Adjusted net earnings is a non-IFRS measure, see page 5.
• Annual net earnings of $361 million; adjusted net earnings of $339 million: Annual results reflect the continued transition back to a tier-one cost structure. Our results also reflect higher sales volumes and the improvement in average realized prices as uranium and conversion prices continued to increase, catalyzed by security of supply concerns. In our uranium segment, we delivered 32 million pounds of uranium at an average realized price of $67.31. Production for 2023 was 17.6 million pounds in our uranium segment, slightly lower than anticipated in September. In our fuel services segment, we delivered 12 million kgU under contract at an average realized price of $35.61 and produced 13.3 million kgU. In addition, we generated $688 million in cash from operations and adjusted EBITDA of $831 million. Our annual results include $101 million in adjusted EBITDA from our investment in Westinghouse. Adjusted net earnings and adjusted EBITDA are non-IFRS measures, see page 5.