7m lb gone from 2019 Sec Supply models

Afternoon Guys,

This news today from the US further builds the bullish narrative in terms of supply tightening. This time in the secondary market:




Link: https://www.exchangemonitor.com/con...ranium-barter-program-doe-cleanup-portsmouth/


From Mike Alkin's 2017 presentation this means c. 7m lb is withheld from the secondary supply market in 2019:





The importance is that in a market where producers are now exhibiting a coordinated supply discipline further tightness is going to occur next year.


From my reading, not a single analyst has factored this continued DoE suspension of uranium sales into their models post the current US Federal Government Fiscal Year.


This is the equivalent of 2 x LHM taken out of the supply side of analysts models for 2019, and IMO this is also structural beyond 2019.

Cheers
John