RoBTV: Patricia Mohr
Patricia Mohr, vice president of economics, Scotiabank
I have been bullish for number of years now and our average price for spot uranium is $80..averaged $48.10 last year, right now around $72..by end of this year could well be approaching $90..Cigar Lake had huge immediate impact because Cigar Lake would have been first major increase in new mine supply in world..we have not seen much incremental mine supply for really a decade and Cigar Lake would eventually ramp up to 18 million pounds, but now delayed at least a year, probably more..immediate price increase, moved up a lot more since announcement of flood
I have been bullish for number of years now and our average price for spot uranium is $80..averaged $48.10 last year, right now around $72..by end of this year could well be approaching $90..Cigar Lake had huge immediate impact because Cigar Lake would have been first major increase in new mine supply in world..we have not seen much incremental mine supply for really a decade and Cigar Lake would eventually ramp up to 18 million pounds, but now delayed at least a year, probably more..immediate price increase, moved up a lot more since announcement of flood
posted by Spelunca at 5:13 AM
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