why is bmn so cheap, page-30

binbin

there is nothing wrong, Gizmo write this first:

"The most important part of the piece is that there isnt enough demand for uranium, now or in the next few decades, to put all the U deposits out there into production. Thus, the deposits of 200 ppm will remain too marginal to be viable."

If there is not much demand, uranium price will stay low or maybe even lower, Rossing south is low cost, large scale, 15mb/pa is about 9% total world demand, if such a big production goes to a low demand market, that will put other higher cost or small scale potential uranium producer out of business.