This was gold in my view!

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Could this 'world's largest' opportunity boost BHP shares?

BHP shares are well-positioned to potentially benefit from this rapid, ongoing shift in global demand.

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According to Geoscience Australia, the S&P/ASX 200 Index (ASX: XJO) mining giant's South Australian Olympic Dam contains "the world's largest" uranium deposit, with an EDR of 876 ktU.

BHP took ownership of Olympic Dam in 2005. The area is massive, and it encompasses 700 kilometres of roads and tunnels.

Yet most of the revenue from the mammoth mining project is derived from copper.

BHP produced 3,406 tonnes of uranium in FY 2023. That was up 43% year on year. But with the miner sitting on the world's largest uranium deposit, it's still only scratching the surface as far as the future revenue on offer for BHP shares.

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I hold a little CAMECO which in the top three including Kazatomprom and BHP. Cameco recent "Q3 2023 production was 3.0 million pounds in the uranium segment, up 50% from Q3 2022"

When BHP gets its skates on the U308 should be well north of USD$100 lbs!