uranium highlights - 30 august

http://www.crosshairexploration.com/i/pdf/2011-08-30-UraniumHighlights.pdf

A lot of this has already been posted but still worth adding the look as a good summation of recent market commentary....

For example, a favourite quote of mine:

"Cameco's Q2 earning's press release said it expects "annual global consumption [of uranium] to exceed annual global mine production by a significant margin over the next 10 years."

and

"Supply and demand remain unbalanced

Currently the 440 nuclear reactors in operation require approximately 179 million lbs of U3O8 on an annual basis. However, 2010 production was only 139.5 million lbs of U3O8. The 39.5 million lbs shortfall is largely being made up by the U.S.-Russian Highly Enriched Uranium agreement that downblends highly enriched uranium from Russian nuclear weapons into low enriched uranium used as nuclear fuel.

However, given the high cost of this program, it is widely expected that the program will not be renewed at the end of its 2013 term."

Binbin?