1. By my numbers, Cameco was 40% of all spot buying in Q1.
2. The headline spot price everyone is getting excited about is the price for delivery at Cameco's converter but the price for delivery at the other major
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3. The forward curve has flattened markedly, ie, the 12 and 24 month
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...all this tells me the spot price has ONLY moved over US$30/lb due to Cameco buying. Admirable work by Cameco but they're now in a bind. They need US$40-45/lb+ to restart their
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...some musings. We're fairly defensively positioned at the OAM Uranium Opportunity fund!
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