Sunday, June 25, 2017

Denison Mines CEO on uranium market

In the interview, David Cates puts in black and white the problem with the uranium industry:

With uranium at $19 to $20, the price is too low to be rational. The lowest cost mine in the world, operates in an all in basis to breakeven of 21 to 22 dollars. I don’t lose sleep about whether the price will stay at $18 or $20. It’s fair to believe that price will not sustain itself.

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