uranium may have hyper price run, page-2

Uranium play is dead and buried, particularly for low graders. Production is up so quickly, inventor is plenty, and new reactor build is slow.

Basically, the last uranium price boom did serve the industry a purpose. Maybe billions of dollars has been stimulated to search for the radioactive metals. End of day, the total world demand is only 190 mlb.

Look around, how many juniors has 100mlb resources, or exploration target? BMN, DYL, ACB, BLY, WHE,..... To many to list.

If all of them can survive, and produce 10mlb uranium annually, the annual uranium production could be like 300mlb, grossly oversupply. As a matter of fact, most low grade uranium company required large production to justify the capex, economy of scale, no brains.

End of day, a lot of them will become worthless.

Having said that, the speculation is always there for no reason. But better chance elsewhere.