why the uranium price has been going down, page-4

I think there could be many times more than one bomb in 500,000 lbs of u3o8, which casts a little doubt on this reporters' research. In any case it is a fairly small amount, less than one percent annual consumption from my calcs. Also no-one seems to want to buy it for some reason.

The spot price is down and will stay downish for the rest of this year at least, simply because demand has decreased from the previous couple years and the buyers know they are in control of this market for awhile.

I just echo what others have said: only the lowest cost u-producers will make it over the next few years. There is too much future u3o8 production which will be available as potentially subsidised by-product of another mining process, for example Roxby Downs, and this may suppress the spot market. If you didn't already know, uranium is more complicated than any other commodity.