I believe that at current uranium prices Bannerman is going to struggle to get a mine going.
However, the production of U must increase significantly to meet the demand and allow for lower secondary supplies - this may require a doubling of production in 10 years- but you cannot start a mine overnight
So where is this production going to come from ? EXT can bring 15mil lbs/p.a online at current prices
Can others help with production coming online ?
If not enough production will come on line then prices will have to rise because having idle reactors is not an option.
But then again if 100lbs can come on-line at current prices then maybe prices do not have to rise ?
BMN Price at posting:
52.0¢ Sentiment: Hold Disclosure: Held
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