I had a question about CCJ, though admittedly I only read the transcript of the call. I took away they said the incentive U308 pricing was still in the mid 70’s and missed where they said it was in the 90’s?
Anyway, the fundamentals just keep getting stronger and stronger. We simply need global liquidity to come back into the market. Maybe after the fed pauses?
"Well, Brian, we wouldn’t quarrel with those in the industry that say that the Western supply is probably - if the global is the last marginal town from a cost curve basis, prior to a bifurcated market was somewhere in the mid-70s.
We wouldn’t quarrel with those who have said that the price probably needs to be $20 a pound higher than that we see that analysis being done by some and we wouldn’t disagree with it. It makes sense, when you factor in."
So mid 70s prior to a bifurcated market, but now they wouldn't dispute with those that think it's 20 per lb higher.
Nice summary article!
I had a question about CCJ, though admittedly I only read the transcript of the call. I took away they said the incentive U308 pricing was still in the mid 70’s and missed where they said it was in the 90’s?
Anyway, the fundamentals just keep getting stronger and stronger. We simply need global liquidity to come back into the market. Maybe after the fed pauses?
Hi Matt, here is the section:
"Well, Brian, we wouldn’t quarrel with those in the industry that say that the Western supply is probably - if the global is the last marginal town from a cost curve basis, prior to a bifurcated market was somewhere in the mid-70s.
We wouldn’t quarrel with those who have said that the price probably needs to be $20 a pound higher than that we see that analysis being done by some and we wouldn’t disagree with it. It makes sense, when you factor in."
So mid 70s prior to a bifurcated market, but now they wouldn't dispute with those that think it's 20 per lb higher.