1) I don't believe the Rossing mill can process 15+ million tonnes of ore, so it won't completely eliminate large CAPEX requirements by Rio and/or Extract.
2) EXT is likely to be the last man standing in a war of attrition/consolidation, but margins will be hurt by the oversupply of U3O8 on market for several years.
3) With so much supply coming into the market, we can expect more and more utilities to rely on the spot market, and neglect term contracts. Term contract prices will be hurt by this. I've seen it quoted many times that spot and term prices will come back together, but hardly anyone realises one way it could happen is by the term price lowering closer to the spot price.
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Last
1.0¢ |
Change
0.001(11.1%) |
Mkt cap ! $20.72M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 1.0¢ | 0.8¢ | $31.15K | 3.390M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1600000 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 1109800 | 3 |
View Market Depth
| Last trade - 15.23pm 27/06/2025 (20 minute delay) ? |
| EXT (ASX) Chart |