uranium: like gol was 10 years ago, page-127

From Cameco.

“We didn’t think adding to that was helpful. We have a good inventory of uranium at Cameco that can sustain us that we can put into profitable contracts… We can actually buy uranium cheaper than we can produce it.”

Totally unsustainable to be mining at a higher cost than the current spot price, but I guess only time will tell how long it will take and at what spot price this will change.