Is Toro going to .025 ??? I hope soooo !!!!!
Can see more demand less supply less underfeeding on the horizon.
No new mines will be built till 60/70 a lb over a sustainable period. Those few miners with 45 lb contracts ending will shut shop. An 8 to 10 year horizon to get new projects up. Utilities living in lala land thinking the uranium world can exist on 20 a lb. Kazaks now marketing in Switzerland and share holders to answer to.
All positives. Its now another dip for a while.
Happy for Toro to do there thang while keeping the "powder" dry.
If the price of gas or coal quadrupled major increase in power price. With uranium representing 2/3 % of cost a four times increase will mean NADA.
Keep the faith fellow contrarians.
Ann: Potential substantial cost reductions for Wiluna Project, page-25
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