uranium stock pile tibbs your comment please, page-3

pepiset

It is 2013 as mentioned.

The 2010 date you might be referring to was the end date of the original HEU agreement, but it was revised some years back, and extended to 2013. This "megatons to megawatts", or "HEU to LEU" agreement, is actually a very complicated puppy. As you will see, its not just about the supply of cheap uranium to the USA. It might be worth having a look at this article ... its very extensive but very informative:
http://www.heritage.org/research/EnergyandEnvironment/bg2221.cfm

What we need to understand is that the HEU to LUE agreement was put in place primarily to: 1] protect the USA enrichment industry, and 2] After the cessation of US uranium exploration & mining, to ensure a STEADY, RELIABLE supply to US utilities. So if we read this article:
http://seekingalpha.com/article/125858-uranium-producers-worth-a-look

....we see that this "reliability" factor will now be gone after 2013. This is going to shake up the market.

Now keep in mind that the Utilities actually buy or lock in their uranium supplies, up to TWO YEARS ahead of time. Even new reactora being built will actually buy their uranium at the start of construction, once again, thats up to 2 years ahead of production startup.

So the ending of the Russian agreement will start to see great uncertainty hit the market some YEARS BEFORE the 2013 end date. Expect to see some of the effects of this by 2010, next year.

cheers