supply demand fundamentals

Annnnnnd now some new production vs demand figures in 2015 that clearly explains why the world doesnt need to bring on all the available deposits out there. Which, IMO, means that a monster like Rossing South will render lesser undeveloped deposits superfluous until about 2030.

110,000 t. production
70,000 t. demand

BTW all this talk about comparing economics and grade and overburden is a joke. It neglects the very likely scenario that rio tinto will just ship RS feed into their mill. The capex is next to nill when you dont have to build a mill. Etango on the other hand will get no such deal from rio tinto and would have to build a mill for itself. But go ahead and keep cluttering up the board with snappy angry factless comments.

http://www.pr-inside.com/the-future-of-the-uranium-industry-r1509083.htm

Uranium Production to Increase Significantly by 2015

The global uranium production is expected to grow significantly in the long term due to the increasing demand for nuclear power worldwide. The report estimates that the uranium production in the world will grow from 44,361 tU in 2008 to 110,000 tU by the end of 2015. Increased production is primarily due to the operation of new mines and planned expansion of capacity of producing mines. The report also details that, in the long term, the current gap in the uranium supply and demand is expected to reduce.

Uranium Demand to Increase with the Operation of New Reactors

The global demand for uranium as nuclear fuel will increase driven by increased global installed nuclear capacity. As per the report estimates, the global uranium demand will increase to 70,323 tU by 2015. The increased uranium demand is due to the operation of more than 40 new reactors that are currently under construction in countries such as China, India, Russia and Republic of Korea.