Thread on Kazakhs Production
Kazakh's can now sell their uranium at the spot price to their Swiss marketing subsidiary which can then market it higher aboard or pool inventory to sell at a higher price
No more direct selling into spot market as per Kazakhs transfer pricing laws
Kazakh's can now sell their uranium at the spot price to their Swiss marketing subsidiary which can then market it higher aboard or pool inventory to sell at a higher price
No more direct selling into spot market as per Kazakhs transfer pricing laws
ISR Production
“It’s important to keep in mind that ISR production is similar to oil and gas production. It produces a lot when the well is first tapped and then production declines. As the production declines, new wells are drilled to offset the production decline rates."
“It’s important to keep in mind that ISR production is similar to oil and gas production. It produces a lot when the well is first tapped and then production declines. As the production declines, new wells are drilled to offset the production decline rates."
First is mine exploration and mine development expenditures where Kazak’s have gone from spending $94m a year in 2011 to $18m in 2017. It's hard to imagine an 80% drop in mine exploration and development investment coinciding with increasing production (or even being maintained).
Yes the above is only 2017 but not much seems to have changed in the last 3 years.
Look how few new wells have been drilled at the end of 2018. Most of the production is barely being maintained if not in decline
I got this chart from @SNS5500 who has gone through this in-depth
Look how few new wells have been drilled at the end of 2018. Most of the production is barely being maintained if not in decline
I got this chart from @SNS5500 who has gone through this in-depth
Once you understand this it becomes pretty clear the Kazakhs have no choice but to go for a higher $ per lb then more lbs strategy
Which is all they are really saying here;
#uranium
Which is all they are really saying here;
#uranium
