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- ⛏ Uranium Producers Quietly Fill Their Books For the Next Several Years - And It’s Only May
⛏ Uranium Producers Quietly Fill Their Books For the Next Several Years - And It’s Only May
PLUS: Today's Monster Assays
Fabi Lara
May 04, 2023
Greetings Contrarian,
This is The Next Big Rush, your daily drop of mining/energy investing news. Where we come together and enjoy a virtual beer.
Here are the highlights:
👍🏻 Gold Production: Then And Now
💪🏼 Assay Quickies
⏱️Uranium Producers Quietly Fill Their Books For the Next Several Years - And It’s Only May
👍🏻 Gold Production: Then And Now
A gorgeous display of gold production concentration and diffusion through time.
200 Years of Global Gold Production, by Country 🏆️
From @VCElements—bridging the gap between global trends shaping our future, and the raw materials powering them ⚡️
elements.visualcapitalist.com/200-years-of-g…
— Visual Capitalist (@VisualCap)
3:01 PM • May 2, 2023
2 lessons:
Mineral reserves don’t last forever.
We live in an ever-diversified world.
💪🏼 Assay Quickies:
Convenient highlights; select the ones most interesting to you:
⏱️ Uranium Producers Quietly Fill Their Books For the Next Several Years - And It’s Only May
Exhibit A: Cameco
Over the next 5 years, Cameco has to deliver 26M lbs of uranium p.a. under LTC.
Cameco's share of the 2024 expected production (assuming Inkai deliveries = same as this year) would be 26.6M lbs.
At full capacity, Cameco's share is 32M lbs of uranium.
The book is nearly full.
— Antonio Atanasov (@antonioatanasv)
4:33 PM • Apr 29, 2023
Exhibit B: Paladin Energy
$PDN provisionally contracted 48% of the production to 2030. Almost one third of which is market price related. Leaving 52% of next 7 year production uncontracted. Specific prices yet to be finalised but significant upside and exposure to spot #uranium prices.
— SZ (@xToroLoco)
3:50 AM • May 4, 2023
Exhibit C: Kazatomprom
Did some digging on this Kazatomprom $KAP 'Major Transaction' AGM item.📚🧐 #Kazakhstan law quoted (Article 36. para 17-1) requires shareholder approval for KAP to conclude a transaction valued at over 50% of KAP's Book Value(BV).🗳️
AGM Absentee Ballot says the transaction is a… twitter.com/i/web/status/1…— John Quakes (@quakes99)
6:29 PM • Apr 29, 2023
Where is the rest of the uncontracted uranium going to come from?
Hello, Mr. Tight Spot Market.
🤦🏻♂️ Meme of The Day
It makes a big difference having a negative void coefficient and containment.
#ClimateEmergency#ClimateCrisis#Climate#energy#EnergyTransition#Energie#Energiewende#nuclear#NuclearEnergy#prosperity#Memestwitter.com/i/web/status/1…— Nuclear Power Memes (@nukepowermemes)
11:52 AM • May 3, 2023
Happy Speculating!
The Editor
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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