I was watching the business channel today on foxtel and a guy from a trading company said that once bhp gets into full swing on their Olympic Dam project the price of uranium will be $8 a pound.
Checking bhp's site they claim it is the largest uranium deposit in the world. Looks like they are upgrading to 19000 tonnes per year. Will this affect world uranium prices?
Is there any substance to the claim.
I hold stock in pen and did not sell this week.
I would like to see opinions and facts.
Thanks
will bhp olympic dam affect pen uranium price
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