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10:44
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Originally posted by Berger978456:
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Kenso - I think you're looking at this in completely the wrong way. U prices will go up - they simply have to as there is a KNOWN supply deficit right now and likely well into the future. Buyers of Uranium at the moment are again KNOWN to be holding out, they are not buying because they do not want to elevate the price of U or are unwilling to pay the higher prices that the suppliers are asking them to pay. Eventually there will be a catalyst that breaks this arm wrestle and prices will move higher - at that point this party is on as you'll have energy producers battling for the limited supply of Uranium. PDN - so long as U prices go up just 50% from here in the next 2 years - will restart operations and they shouldn't have an issue raising capital as their market cap is so low right now that it completely discounts their future cash flows to zero.
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Langer does not have a nameplate capacity of 8Mlb/a. The historic announcements indicate the Stage 3 nameplate of 5.2Mlb/a was achieved (some quarters exceeded) in early 2012. That's as good as it got.
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