Daniel Major: 75% of Uranium Producers Are Now Losing Money
Please visit http://www.palisaderadio.com to subscribe to our newsletter.
Daniel says the uranium market took a beating due to a new W.N.A report. The takeaway from that report is that they are showing a deficit around 2025. We see a 10 to 15 million pound deficit around 2020. The market is getting very tight and could quickly enter into deficit. Price is unlikely to break to the downside and increasingly likely to head up. 75% of the industry is not making money against their cash costs, and there is not much left to cut.