China will end up accounting for a large % of Africa's uranium, they have already bought out large deposits like HUSAB, they're 25% owners of Langer Heinrich mine, they have their hooks into Africa bigtime pillaging their strategic minerals. Once the west goes nuclear which I believe they will they will need a trusted "western" supplier of uranium. Security of supply is everything to a utility and also of national security importance so when countries in Europe ramp up their nuclear programs although the Kazak's are the worlds largest supplier currently i believe countries will increasingly look to Australia for their uranium.
VMY Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
